BUZZ-Silver miners rise on weaker US dollar, Fed rate cut optimism
Reuters
Oct 01
BUZZ-Silver miners rise on weaker US dollar, Fed rate cut optimism
Updates
** Shares of silver miners gain, tracking rising prices of the metal GOL/
** Spot silver XAG= up 2.1% at $47.65/ounce, a more than 14-year high, on weaker U.S. dollar and softer jobs data reinforcing expectations of a Federal Reserve rate cut this month
** Hecla Mining HL.N up ~3% and Coeur Mining CDE.N rises 1.7%
** Canadian miners Endeavour SilverEDR.TO up 6.2% and Silvercorp Metals SVM.TO rises 7%
** Abrdn Physical Silver Shares ETF SIVR.P up 2.2% and iShares Silver Trust SLV.P up 2.2%
(Reporting by Pooja Menon in Bengaluru)
((Pooja.Menon@thomsonreuters.com;))
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