Silver miners gain on softer dollar, yields ahead of US inflation data
SLV•U.S.-listed silver miners rose before the market open as spot silver gained 2.1% to $56.80 an ounce. Investors looked to fresh U.S. inflation data for clues on whether the Federal Reserve will raise interest rates again this month.
1. Silver shares rise
Hecla Mining and Coeur Mining gained 2.3% and 2.2%, respectively. Endeavour Silver rose 2.7%, Silvercorp Metals gained 1.8%, and the Physical Silver Shares ETF and iShares Silver Trust each advanced 2%.
2. Investors watch inflation
Silver prices climbed as the dollar and U.S. Treasury yields remained under pressure, while investors awaited fresh U.S. inflation data for clues on the Federal Reserve’s interest-rate decision this month.
