Silver miners fall ahead of US inflation data

Pan American Silver

26/02/2024 17:54

** Shares of silver miners slip, tracking a fall in prices
of the metal  GOL/ 
    ** Spot silver  XAG=  falls 2.3% to $22.48/ounce as the
market focus shifted to U.S. inflation data due this week which
could influence the timeline of Federal Reserve interest rate
cuts
    ** U.S. miners Hecla Mining  HL.N  and Coeur Mining  CDE.N 
fall 3.7% and 5.5%, respectively
    ** Shares of Wheaton Precious Metals  WPM.TO , Pan American
Silver  PAAS.TO , First Majestic Silver  FR.TO  and Endeavour
Silver  EDR.TO  down between 2.2% and 2.7%
    ** ETFs iShares Silver Trust  SLV.P  and abrdn Physical
Silver Shares  SIVR.P  both down about 2%, and ETF ProShares
Ultra Silver  AGQ.P  slips 4%

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