Tiger Brokers

BUZZ-Silver miners down as metal prices edge lower on strong US dollar

Reuters
Oct 22
BUZZ-Silver miners down as metal prices edge lower on strong US dollar

** U.S.-listed shares of silver miners down premarket, tracking falling prices of the metal GOL/

** Spot silver XAG= down 1.2% at $48.098/ounce, with investors locking in profits and a stronger U.S. dollar adding pressure. The metal prices slipped 7.1% on Tuesday

** The U.S. dollar index .DXY hovered near a one-week high USD/

** Hecla Mining HL.N and Coeur Mining CDE.N down 3.4% and 4.8%, respectively

** Canadian miners Endeavour Silver EDR.TO, EXK.N falls 3% and Silvercorp Metals SVM.TO, SVM.N down 3.2%

** iShares Silver Trust ETF SLV.P falls marginally

(Reporting by Pooja Menon in Bengaluru)

((Pooja.Menon@thomsonreuters.com;))

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