BUZZ-Silver mines gain due to political uncertainty
Reuters
Oct 10
BUZZ-Silver mines gain due to political uncertainty
** U.S.- listed shares of silver miners gain, tracing rising prices of the white metal GOL/
** Spot silver XAG= up 2.6% to $50.40/ounce a day after touching a record high of $51.22, gaining 74% so far this year driven by broad political and economic uncertainty and expectations of further U.S. rate cuts
** Hecla Mining HL.N up ~2% and Coeur Mining CDE.N gains 1.3%
** U.S.- listed shares of Canadian miners Endeavour SilverEDR.TO, EVX.N up ~4% and Silvercorp Metals SVM.TO, SVM.N rises 1.4%
** Abrdn Physical Silver Shares ETF SIVR.P up ~2% and iShares Silver Trust SLV.P climbs ~1%
(Reporting by Dharna Bafna in Bengaluru)
((Dharna.bafna@thomsonreuters.com))
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.