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Silver's drop to a more-than-one-month low is hitting miner equities harder than the metal itself in some cases, showing leveraged exposure to the price move. Silver mining stocks and silver-tracking ETFs are moving in tandem with the metal, confirming the selloff is broad-based rather than isolated to one name.
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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 hitting miner equities harder than the metal itself in some cases, showing leveraged exposure to the price move. Silver mining stocks and silver-tracking ETFs are moving in tandem with the metal, confirming the selloff is broad-based rather than isolated to one name.
Jin10·09/28, 03:08 PM
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