On July 8, Pan American Silver fell 5.07% in regular trading, trading at $41.87/share, with turnover of $101 million.

On the news front, the precious metals sector came under broad-based selling pressure as rising real bond yields, a strengthening US dollar, and weakening investment demand continued to weigh on gold and silver prices. Recently, OCBC cut its year-end gold target from $5,100 to $4,360 per ounce and slashed its silver target from $89.50 to $67 per ounce, citing the Fed's hawkish stance lifting real rates and dampening appetite for non-yielding assets. The bank compared the current environment to the 2013 taper tantrum, when surging real yields triggered a sharp correction in precious metals.

Within the Gold sector, stocks declined broadly. Among individual stocks, Coeur Mining fell 6.61%, Wheaton Precious Metals fell 5.49%, Agnico Eagle Mines fell 5.47%, Barrick Mining fell 4.86%, and Newmont Mining fell 3.81%.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)