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BUZZ-Silver miners gain on US Fed rate cut optimism

Reuters
Nov 07
BUZZ-Silver miners gain on US Fed rate cut optimism

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

** Spot silver XAG= up 1.6% at $48.772/ounce on expectations for further interest rate cuts from the U.S. Federal Reserve

** Hecla Mining HL.N up 1.9% and Coeur Mining CDE.N rises 2.3%

** Canadian miner Wheaton Precious Metals WPM.TO, WPM.N up 1.2%

** Abrdn Physical Silver Shares ETF SIVR.P up 2.5% and iShares Silver Trust SLV.P up 2.6%

(Reporting by Pooja Menon in Bengaluru)

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

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