Silver miners fall on higher oil prices

Hecla Mining

28/09/2026 11:07

** US-listed shares of silver miners fall premarket, tracking weakness in precious metals
** Spot silver XAG= falls 4.7% to $61.25 per ounce, as higher oil prices stoke inflation fears, bolstering the case for elevated interest rates GOL/
** Crude oil rebounds more than 2% on Monday after US President Donald Trump rejects a peace deal from Iran to resolve their conflict and reopen the Strait of Hormuz O/R
** Hecla Mining HL.N and Coeur Mining CDE.N down 5.4% and ~6%, respectively
** Canadian miners: Endeavour Silver EDR.TO, EXK.N  slips 5.4%; Silvercorp Metals SVM.TO, SVM.N inches down 5.7%
** Physical Silver Shares ETF SIVR.P and iShares Silver Trust SLV.P both fall ~5% 

(Reporting by Dharna Bafna in Bengaluru)
((dharna.bafna@thomsonreuters.com))