BUZZ-Silver miners gain as precious metal soars to new peak
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Shares of U.S. silver miners rose premarket as silver prices surged past $65 per ounce, driven by soft U.S. jobs data and expectations of future rate cuts. Hecla Mining and Coeur Mining saw increases of 2.2% and 2%, respectively. Canadian miners Endeavour Silver and Silvercorp Metals also gained. The largest silver-backed ETF, iShares Silver Trust, rose 3.4%, while Global X Silver Miners and Proshares Ultra Silver increased by 1.9% and 6.7%, respectively.
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