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TDUX
May 22 - 11:55 AM

Silver - Miners Fall As Rising Oil Drives Rate Hike Bets

By Dharna Bafna  —  May 22 - 09:48 AM

(Updates)

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

• Spot silver down 1% at $75.8 per ounce

• Prices fall due to firmer dollar and rising oil prices that kept inflation concerns in focus and increased bets for U.S. interest rate hike

• Shares of miners Hecla Mining down ~2% and Coeur Mining falls 2.5%

• Canadian miners: Endeavour Silver Corp and Silvercorp Metals dip 2.5% and 4.1%, respectively

• Abrdn Physical Silver Shares ETF and iShares Silver Trust each slides 1.2%

(Reporting by Dharna Bafna in Bengaluru)

Source:
London Stock Exchange Group | Thomson Reuters
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