Silver miners fall as US data diminishes hopes of large rate cut

Pan American Silver

14/08/2024 16:05

** Shares of silver miners fall, tracking prices of the
metal  GOL/ 
    ** Spot silver  XAG=  down 1.2% at $27.51 per ounce after
data showed U.S. consumer prices rebounded as expected in July,
diminishing hopes for a sizeable rate cut from the Federal
Reserve next month
    ** Hecla Mining  HL.N  and Coeur Mining  CDE.N  lose 2.1%
and 3.6%, respectively
    ** Canadian miners Wheaton Precious Metals  WPM.TO , Pan
American Silver  PAAS.TO  and Endeavour Silver  EDR.TO  drop
between 1.3% and 2.2%
    ** Both ETFs abrdn Physical Silver Shares ETF  SIVR.P  and
iShares Silver Trust  SLV.P  down 1.4% 

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