BUZZ-Silver miners climb as metal prices hit record high
Silver miners' shares rise as silver prices hit a record high, driven by expectations of a U.S. interest rate cut and changes in Federal Reserve leadership. Hecla Mining up 3.3%, Coeur Mining up ~3%, Endeavour Silver up 2.3%, Silvercorp Metals up 1.2%, Abrdn Physical Silver Shares ETF up 2.2%, and iShares Silver Trust up 2.1%.
U.S.-listed shares of silver miners rise premarket, tracking prices of the white metal (GOL/)
Spot silver (XAG=) up 1.3% at $57.12 per ounce after hitting an all-time high of $57.86 earlier Prices hit an all-time high, driven by investor expectations of a possible U.S. interest rate cut later this month and shifts in Federal Reserve leadership
Hecla Mining (HL.N) up 3.3% and Coeur Mining (CDE.N) rises ~3%
Canadian miners Endeavour Silver (EDR.TO) (EXK.N) up 2.3% and Silvercorp Metals (SVM.TO) (SVM.N) up 1.2%
Abrdn Physical Silver Shares ETF (SIVR.P) up 2.2% and iShares Silver Trust (SLV.P) up 2.1%
