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2025-09-29 19:43:17
Silver Miners Rise, Driven by Rate Cut Expectations and a Weak Dollar: ⑴ Spot silver prices surged above $47 per ounce on Monday, rising 2.1% in a single day to $47.04 per ounce, a record high. ⑵ A weakening dollar and strong market expectations for a Federal Reserve rate cut fueled the upward trend, driving silver ETFs higher. ⑶ US silver miners saw a collective pre-market rally, with Hecla Mining and Coeur Mining both climbing 3.3%, demonstrating sector strength. ⑷ Canadian mining stocks performed particularly well, with Endeavour Silver surging 3.9% and Silvercorp Metals surging 4.4%. ⑸ Silver-themed funds followed suit, with the abrdn Physical Silver ETF rising 2.1% and the iShares Silver Trust maintaining its 2% gain.
