Silver miners fall as metal prices edge lower on strong US dollar
SLV•US-listed silver miners and silver-backed ETFs fell in premarket trading as spot silver dropped 2.2% to $59.98 an ounce on a stronger US dollar. Investors awaited Federal Reserve minutes for hints on future rate hikes.
1. Shares track silver lower
Hecla Mining and Coeur Mining each fell 2.2% in premarket trading. Wheaton Precious Metals fell 1.9%, Endeavour Silver dipped 2.2% and Silvercorp Metals slumped 2%.
2. Silver funds also decline
The Physical Silver Shares ETF fell 2.1%, while the iShares Silver Trust was down 2%.
