Silver miners fall as interest rate cut bets diminish

Fortuna Mining

16/04/2024 15:38

** Shares of silver miners fall, tracking prices of the
metal
    ** Spot silver  XAG=  down 3% at $28.02/ounce, hurt by
rising expectations of fewer U.S. interest rate cuts this year
    ** Hecla Mining  HL.N  and Coeur Mining  CDE.N  lose 3.5%
and 5.1%, respectively
    ** Canadian miners Wheaton Precious Metals  WPM.TO , Fortuna
Silver Mines  FVI.TO , MAG Silver  MAG.TO , Pan American Silver
 PAAS.TO  and Endeavour Silver  EDR.TO  fall between 1.7% and
4.1%
    ** First Majestic  FR.TO  drops as much as 8.5%

 (Reporting by Vallari Srivastava in Bengaluru)
 ((Srivastava.Vallari@thomsonreuters.com))