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BUZZ - Silver mining stocks fall due to rising oil prices

BUZZ - Silver mining stocks fall due to rising oil prices

路透社路透社2026/09/28 10:16
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- ** Shares of U.S.-listed silver mining companies fell in premarket trading, weighed down by a weak precious metals market

** Spot silver XAG= dropped 4.7% to $61.25 per ounce, as rising oil prices (link) increased inflation concerns, strengthening the case for interest rate hikes GOL/

** On Monday, crude oil prices (link) rebounded more than 2%, after U.S. President Donald Trump rejected Iran's proposal for a peace agreement aimed at resolving bilateral conflicts and reopening the Strait of Hormuz O/R

** Hecla Mining HL.N and Coeur Mining CDE.N were down 5.4% and about 6% respectively

** Canadian mining stocks: Endeavour Silver EDR.TO, EXK.N dropped 5.4%; Silvercorp Metals SVM.TO, SVM.N slipped 5.7%

** Physical silver stock ETFs SIVR.P and iShares Silver Trust SLV.P both fell about 5%


(To facilitate non-native English speakers, Reuters provides automated translations of its reporting into several other languages. As automated translations may contain errors or lack necessary context, Reuters does not guarantee the accuracy of automated translation texts and offers them solely for reader convenience. Reuters assumes no liability for any damages or losses resulting from the use of automated translation features.)

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