BUZZ-Silver miners rise as inflation data keeps Fed rate cut bets alive
Reuters
Sep 26
BUZZ-Silver miners rise as inflation data keeps Fed rate cut bets alive
** Shares of silver miners gain, tracking the metal's rising prices GOL/
** Spot silver XAG= up 1.4% at $45.85/ounce, after U.S. inflation data came in line with expectations, reinforcing bets that Federal Reserve may continue with interest rate cuts later this year
** Hecla Mining HL.N rises 2.9% and Coeur Mining CDE.N up 2.4%
** Canadian miners Endeavour SilverEDR.TO up 3.8% and Silvercorp Metals SVM.TO rises 2.3%
** Abrdn Physical Silver Shares ETF SIVR.P and iShares Silver Trust SLV.P each up 1.3%
(Reporting by Pooja Menon in Bengaluru)
((Pooja.Menon@thomsonreuters.com;))
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