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TDUX
Sep 03 - 01:55 PM

Silver - Miners Gain As Metal Edges Higher On Weak US Dollar

By Pooja Menon  —  Sep 03 - 11:49 AM

• Shares of silver miners jump, tracking a rise in prices of the metal [GOL/]

• Spot silver up 2.9% at $67.26/ounce, on a weaker U.S. dollar and as traders scale back September rate hike expectations after Federal Reserve Governor Christopher Waller's remarks that recent progress on inflation could justify keeping rates steady

• Hecla Mining gains 1.6%, Coeur Mining rises ~1%

• Canadian miners Endeavour Silver and Silvercorp Metals up 3% and 1%, respectively

• Abrdn Physical Silver Shares ETF up 2.8% and iShares Silver Trust ETF gains 3%

(Reporting by Pooja Menon in Bengaluru)

Source:
London Stock Exchange Group | Thomson Reuters
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