Silver miners track fall in metal as dollar gains after U.S. data

MAG Silver

27/01/2023 18:16

** U.S. silver miners track fall in the precious metal's
price
    ** Spot silver  XAG=  slips 1.5% as the dollar gains some
ground in the wake of U.S. economic data, with investors trying
to speculate the Federal Reserve's likely move on interest rates
next week
    ** U.S. miners Hecla Mining Co  HL.N  and Coeur Mining Inc
 CDE.N  fall 2.3% and 4%, respectively 
    ** Canadian miners Pan American Silver Corp  PAAS.TO , First
Majestic Silver Corp  FR.TO , MAG Silver Corp  MAG.TO  and
Fortuna Silver Mines Inc  FVI.TO  shed between 1.6% and 5.2%
    ** ETFs iShares Silver Trust  SLV.P  and abrdn Physical
Silver Shares ETF  SIVR.P  both slip about 1.6%; ProShares Ultra
Silver  AGQ.P  falls ~3.2%
 (Reporting by Sourasis Bose in Bengaluru)
 ((Sourasis.bose@thomsonreuters.com))