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Apr 22 - 06:55 AM

Silver - Miners Gain As Oil Weakens After US Extends Ceasefire With Iran

By Dharna Bafna  —  Apr 22 - 05:23 AM

• U.S.-listed shares of silver miners rise premarket, tracking prices of the white metal [GOL/]

• Spot silver up 1.9% to $78.15 per ounce

• Prices rise as lower oil prices, following a U.S. extension of a ceasefire with Iran, ease fears of an inflation spike and prolonged high interest rates

• Shares of miners Hecla Mining and Coeur Mining

gain ~4% each

• Canadian miner Endeavour Silver and Silvercorp Metals advance 4% and ~3% respectively

• Abrdn Physical Silver Shares ETF and iShares Silver Trust each advance 3.3%

(Reporting by Dharna Bafna in Bengaluru)

Source:
London Stock Exchange Group | Thomson Reuters
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