Silver miners, ETFs rise on weaker dollar, Treasury yields

First Majestic Silver

23/03/2023 16:21

** Shares of silver miners rise, tracking prices of the
precious metal
    ** Spot silver  XAG=  rises 0.2% to $23.06 per ounce,
boosted by a slide in U.S. dollar and Treasury yields after Fed
signalled an end to its monetary tightening cycle might be on
the cards
    ** U.S. miners Hecla Mining Co  HL.N  and Coeur Mining Inc
 CDE.N  gain 2.8% and 3.6%, respectively
    ** Canadian miners Endeavour Silver Corp  EDR.TO , Wheaton
Precious Metals Corp  WPM.TO , Pan American Silver Corp
 PAAS.TO  and First Majestic Silver Corp  FR.TO  up between 1.3%
and 2.9%
    ** ETFs: abrdn Physical Silver Shares ETF  SIVR.P , iShares
Silver Trust  SLV.P  and ProShares Ultra Silver  AGQ.P  add
0.5%-1.4%


 (Reporting by Ankit Kumar in Bengaluru)
 ((Ankit.Kumar2@thomsonreuters.com))