Silver miners fall as higher U.S. Treasury yields hit precious metal prices

First Majestic Silver

21/03/2023 15:45

** Shares of silver miners slip, tracking a fall in prices
of the precious metal
    ** Spot silver  XAG=  falls 0.9% to $22.31 per ounce, hurt
by a jump in U.S. Treasury yields  urn:newsml:reuters.com:*:nL4N35T2IL
    ** U.S. miners Hecla Mining Co  HL.N  and Coeur Mining Inc
 CDE.N  shed 3.6% and 3%, respectively
    ** Canadian miners Wheaton Precious Metals Corp  WPM.TO ,
Pan American Silver Corp  PAAS.TO  and Endeavour Silver Corp
 EDR.TO  fall between 1.5% and 4.7%
    ** First Majestic Silver Corp  FR.TO  plunges ~24% after
suspending mining activities at Jerritt Canyon 
    **  ETFs: abrdn Physical Silver Shares ETF  SIVR.P , iShares
Silver Trust  SLV.P  and ProShares Ultra Silver  AGQ.P  slide
0.7%-1.5%


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