Australian silver miners surge on precious metal rally

South32

11/08/2026 04:43

** Australian silver stocks rise, supporting the broader mining sub-index's .AXMM 1.3% jump
** Silver prices gain in tandem with gold and platinum prices, as investors focused on upcoming inflation data for clues on the U.S. interest-rate outlook GOL/
** Silver Mines SVL.AX jumps 10% to A$0.165, its highest since May 26
** Sun Silver SS1.AX gains as much as 5.8% to A$1.195, its highest level since June 2
** Diversified miner South32 S32.AX rises as much as 2% to A$5.185, its highest level since April 20
** AXMM up 20.4% YTD, including the day's moves

(Reporting by Nikita Maria Jino in Bengaluru)
((Nikita.Jino@thomsonreuters.com;))