BUZZ - Silver mining stocks fall due to rising oil prices
路透社2026/09/28 10:16September 28 - ** 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%
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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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