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TDUX
Oct 30 - 11:55 AM
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Silver - Miners Plunge On Fed Hike Fears

By Dharna Bafna  —  Oct 30 - 09:42 AM

• Shares of silver miners down, tracking prices of bullion [GOL/]

• Spot silver falls 5.3% to $49.63/ounce

• Prices plunge as rising crude oil prices and persistent inflation worries reinforced expectations of US interest rate hikes

• Hecla Mining and Coeur Mining down 5.8% and ~6%, respectively

• Canadian miners: Endeavour Silver slides 6.2% and Silvercorp Metals slips 5.7%

• Physical Silver Shares ETF and iShares Silver Trust each plunge 5.2%

(Reporting by Dharna Bafna in Bengaluru)

Source:
London Stock Exchange Group | Thomson Reuters
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