BUZZ-Silver miners fall on expectations of tighter policy from central banks

Reuters
03/19
BUZZ-Silver miners fall on expectations of tighter policy from central banks

Updates

** Shares of silver miners fall, tracking prices of the white metal GOL/

** Spot silver XAG= down 10.3% at $67.54/ounce

** Prices fall as Middle East conflict increased energy prices and ignited inflation concerns, raising expectations that top central banks will keep borrowing costs elevated

** Shares of miners Hecla HL.N and Coeur CDE.N down 12% and 10.6%, respectively

** Canadian miners Endeavour Silver EDR.TO and Silvercorp Metals SVM.TO dip 13.4% and 12.5%, respectively

** Abrdn Physical Silver Shares ETF SIVR.P and iShares Silver Trust SLV.P both plunge ~11%

(Reporting by Dharna Bafna in Bengaluru)

((dharna.bafna@thomsonreuters.com))

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