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BUZZ-Australian silver miners on track to end volatile week lower as silver wobbles

Reuters
Feb 06
BUZZ-Australian silver miners on track to end volatile week lower as silver wobbles

** Australian silver miners on track to end the week lower, if current momentum holds, after a volatile trading week for the metal

** Spot silver was down for the week as a rout in tech stocks and a stronger U.S. dollar dragged on prices GOL/

** Shares of diversified miner South32 S32.AX, also the owner of Cannington mine - one of the world's largest producers of silver - set to lose 4% so far this week after gaining for six consecutive weeks

** Silver Mines SVL.AX has lost 17% so far this week, set for its worst weekly percent drop since December 9, 2024, if losses hold

** Sun Silver SS1.AX down 9.1%, has lost 24.6% so far this week

** Broader mining sub-index .AXMM down 2.1% vs benchmark's .AXJO 2% fall .AX

(Reporting by Nichiket Sunil in Bengaluru)

((Nichiket.Sunil@thomsonreuters.com))

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