BUZZ-Silver miners fall after US Fed signals slower easing pace in 2025

Reuters
2024-12-19
BUZZ-Silver miners fall after US Fed signals slower easing pace in 2025

** Shares of silver miners down, tracking falling prices of the white metal GOL/

** Spot silver XAG= down 3.7% at $29.40/ounce after the U.S. Federal Reserve lowered interest rates as expected, but said it would slow the pace of further rate reductions, boosting the dollar and Treasury yields

** Hecla Mining HL.N and Coeur Mining CDE.N down 4.5% and 5.9%, respectively

** Shares of Canadian miners Endeavour Silver EDR.TO and Silvercorp Metals SVM.TO fall 4.7% and 2.8%, respectively

** Abrdn Physical Silver Shares ETF SIVR.P down 2.8% and iShares Silver Trust SLV.P falls 3.3%

(Reporting by Pooja Menon in Bengaluru)

((Pooja.Menon@thomsonreuters.com;))

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