Silver miners fall as investors look ahead to next US Fed meeting

Pan American Silver

04/12/2025 11:11

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

** Spot silver XAG= down 1.9% at $57.4/ounce after touching a record high of $58.98 on Wednesday

** Silver prices down as investors turn their attention to next week's U.S. Federal Reserve meeting and upcoming U.S. data that could shape the outlook for interest rates

** Silver has risen 101% so far this year due to concerns about market liquidity after outflows to U.S. stocks, its inclusion in the U.S. critical minerals list and a structural supply deficit

** Hecla Mining HL.N down 1.4% and Coeur Mining CDE.N falls ~1%

** Canadian miners: Endeavour Silver EDR.TO, EXK.N falls 2.1% and Silvercorp Metals SVM.TO, SVM.N down 1.1%

** Abrdn Physical Silver Shares ETF SIVR.P and iShares Silver Trust ETF SLV.P both drop 1.8%

 (Reporting by Varun Sahay in Bengaluru)

 ((Varun.sahay@thomsonreuters.com))