Silver miners climb as the metal hits two-year high

Pan American Silver

03/04/2024 19:24

** Shares of silver miners rise, tracking prices of the
metal, which hit its highest level in over two years  GOL/ 
    ** Spot silver  XAG=  up 3.4% at $27.02/ounce, after Federal
Reserve Chair Jerome Powell reiterated that recent readings on
job gains and higher-than-expected inflation do not materially
change the overall picture of economic policy this year
    ** Investors still expect the first rate cut at the Fed's
June 11-12 policy meeting
    ** Hecla Mining  HL.N  and Coeur Mining  CDE.N  climb 5.2%
and 7.6%, respectively
    ** Canadian miners First Majestic Silver  FR.TO , Pan
American Silver  PAAS.TO , Endeavour Silver  EDR.TO , MAG Silver
 MAG.TO  and Wheaton Precious Metals  WPM.TO  gain between 13.5%
and 2.7%

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