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BUZZ-Silver miners rise on US Fed rate cut hopes, weaker dollar

Reuters
Nov 24
BUZZ-Silver miners rise on US Fed rate cut hopes, weaker dollar

** Shares of silver miners gain, tracking rising prices of the metal GOL/

** Spot silver XAG= up 0.8% at $50.40/ounce, supported by growing expectations of U.S. Federal Reserve interest rate cut next month and weaker dollar

** Hecla Mining HL.N up 4.8% and Coeur Mining CDE.N rises 3.9%

** Canadian miners Endeavour Silver EDR.TO up 3.2%, Silvercorp Metals SVM.TO up 4.2% and Wheaton Precious Metals WPM.TO rise 3%

** Abrdn Physical Silver Shares ETF SIVR.P and iShares Silver Trust SLV.P each up ~1%

(Reporting by Pooja Menon in Bengaluru)

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

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