Silver miners fall on strong dollar, delayed rate cut expectations

Hecla Mining Co

03/03/2026 15:02

Updates

** Shares of silver miners fall, tracking prices of the white metal GOL/

** Spot silver XAG= down 11.2% at $79.42/ounce

** Prices fall, weighed down by a stronger dollar and fading prospects for interest rate cuts as inflation concerns intensified against the backdrop of a potentially prolonged Middle East conflict

** Shares of miners Hecla HL.N and Coeur CDE.N down  14.1% and 13%, respectively

** Canadian miners Endeavour Silver EDR.TO and Silvercorp Metals SVM.TO dip 13.2% and 12.4%, respectively

** Abrdn Physical Silver Shares ETF SIVR.P and iShares Silver Trust ETF SLV.P both down ~12%

 (Reporting by Dharna Bafna in Bengaluru)

 ((dharna.bafna@thomsonreuters.com))