Silver miners fall as stronger dollar outweighs safe-haven demand

Hecla Mining Co

03/03/2026 10:41

** U.S.-listed shares of silver miners fall premarket, tracking prices of the white metal GOL/

** Spot silver XAG= down 6.5% at $83.63/ounce as stronger U.S. dollar curbs demand for safe havens amid rising Middle East tensions

** The dollar rose to a more than one-month high, supported by firm demand and cautious market sentiment

** Shares of miners Hecla HL.N and Coeur CDE.N down between 7.3% and 6.2%, respectively

** Canadian miners Endeavour Silver EDR.TO, EXK.N and Silvercorp Metals SVM.TO, SVM.N dip ~6% and 6.6%, respectively

** Abrdn Physical Silver Shares ETF SIVR.P and iShares Silver Trust ETF SLV.P both down ~7%

 (Reporting by Dharna Bafna in Bengaluru)

 ((dharna.bafna@thomsonreuters.com))