Silver miners fall as strong dollar hurts precious metal's price

First Majestic Silver

24/02/2023 16:26

** Silver miners slip, tracking a fall in metal's price
    ** Spot silver  XAG=  slips 2.2%, pushed down by stronger
dollar and bond yields as market braces for more interest rate
hikes by Fed  GOL/ 
    ** U.S. miners Hecla Mining Co  HL.N  and Coeur Mining Inc
 CDE.N  shed 2.6% and 3.2%, respectively
    ** Canadian miners Wheaton Precious Metals Corp  WPM.TO ,
Pan American Silver Corp  PAAS.TO , Endeavour Silver Corp
 EDR.TO  and First Majestic Silver Corp  FR.TO  fall between 1%
and 10.4%
    ** ETFs: ProShares Ultra Silver  AGQ.P  slides 5.2%, while
abrdn Physical Silver Shares ETF  SIVR.P  and iShares Silver
Trust  SLV.P  both down 2.4%
 (Reporting by Ankit Kumar in Bengaluru)
 ((Ankit.Kumar2@thomsonreuters.com))