Silver miners rise as rate cut bets gain ground

Pan American Silver

06/06/2024 16:41

** Shares of silver miners rise tracking prices of the metal
 GOL/ 
    ** Spot silver  XAG=  up 3.5% at $31.08/ounce, following
gains in prices of gold, after weaker-than-expected U.S. jobs
data fanned hopes of a Federal Reserve interest rate cut later
this year
    ** Shares of Hecla Mining  HL.N  and Coeur Mining  CDE.N 
rise 3.2% and ~6%, respectively
    ** Canadian miners Wheaton Precious Metals  WPM.TO , Pan
American Silver  PAAS.TO , Endeavour Silver  EDR.TO  and MAG
Silver  MAG.TO  gain between 1.8% and 3.8%
    ** ETFs abrdn Physical Silver Shares ETF  SIVR.P  and 
iShares Silver Trust  SLV.P  rise 3.7% and 3.6%, respectively

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