Australian silver miners tumble as precious metal loses shine

South32

11/09/2026 02:19

** Australian silver stocks decline in early trade, adding to the broader mining sub-index's 3.2% fall
** Silver prices fall in tandem with gold and palladium prices on strengthening expectations of an imminent Fed rate hike, with focus on U.S. CPI data due later in the day GOL/
** Silver Mines SVL.AX slips as much as 3.1% to A$0.155; set for 4.6% weekly fall
** Sun Silver SS1.AX tumbles as much as 8.2% to A$1.005, its lowest since August 5; on track to drop 13.% for the week
** Diversified miner South32 S32.AX, the owner of Cannington silver mine, declines as much as 4.6% to A$5, lowest since August 24
** South32 set for 2.6% weekly fall, worst since August 10

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