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Silver's drop to a more-than-one-month low is pulling miner equities and silver-linked funds down by similar magnitude premarket. Because miner stocks are moving in step with the metal, the selloff looks driven by the underlying silver price rather than company-specific news.
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Spot silver fell to a more-than-one-month low, dragging premarket shares of silver miners lower: Hecla Mining -5.3%, Coeur Mining -5.1%, Silvercorp Metals -4.7%, Endeavour Silver -5.3%, Global X Silver Miners ETF -4.7%, iShares Silver Trust -5.2%.
Silver's drop to a more-than-one-month low is pulling miner equities and silver-linked funds down by similar magnitude premarket. Because miner stocks are moving in step with the metal, the selloff looks driven by the underlying silver price rather than company-specific news.
Jin10·09/28, 03:08 PM
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