BUZZ-Silver miners surge as US retail data boosts rate cut hopes
Reuters
Nov 26
BUZZ-Silver miners surge as US retail data boosts rate cut hopes
Updates
** Shares of silver miners rise, tracking prices of the white metal GOL/
** Spot silver < XAG=> rises 0.16% to $51.48/ounce, as softer-than-expected U.S. retail sales data reinforced traders' expectations that the Federal Reserve will trim interest rates in December
** Hecla Mining HL.N up 4.3%, and Coeur Mining CDE.N up ~2%
** Canadian miners Endeavour SilverEDR.TO and Silvercorp Metals SVM.TO both up 2.2%
** Abrdn Physical Silver Shares ETF SIVR.P and iShares Silver Trust ETF SLV.P up marginally
(Reporting by Dharna Bafna in Bengaluru)
((dharna.bafna@thomsonreuters.com))
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