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TDUX
Sep 28 - 07:55 AM
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Silver - Miners Fall On Higher Oil Prices

By Dharna Bafna  —  Sep 28 - 06:08 AM

• US-listed shares of silver miners fall premarket, tracking weakness in precious metals

• Spot silver falls 4.7% to $61.25 per ounce, as higher oil prices stoke inflation fears, bolstering the case for elevated interest rates [GOL/]

• Crude oil rebounds more than 2% on Monday after US President Donald Trump rejects a peace deal from Iran to resolve their conflict and reopen the Strait of Hormuz [O/R]

• Hecla Mining and Coeur Mining down 5.4% and ~6%, respectively

• Canadian miners: Endeavour Silver slips 5.4%; Silvercorp Metals inches down 5.7%

• Physical Silver Shares ETF and iShares Silver Trust both fall ~5%

(Reporting by Dharna Bafna in Bengaluru)

Source:
London Stock Exchange Group | Thomson Reuters
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