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2025-10-29 18:27:37
[Silver Mining Stocks Surge 5% Amid Fed Rate Cut Prompt] ⑴ Silver mining stocks listed in the US rose across the board in pre-market trading, with Hekel Mining up 4.5% and Coeur Mining up 5.4%. ⑵ Spot silver prices surged 2.5% to $48.292 per ounce, a new high for the period. ⑶ The market widely expects the Federal Reserve to announce a 25 basis point rate cut at its policy meeting on Wednesday. ⑷ Investors are closely watching Powell's speech, hoping for forward guidance on the future path of interest rates. ⑸ Endeavour Silver surged 5.3%, with Silvercorp Metals following suit with a 3.8% gain, showing a broad-based rally in the sector. ⑹ Silver ETFs also strengthened, with the abrdn physical silver ETF rising 2.5% and the iShares Silver Trust rising 2.6%. ⑺ The gains in mining stocks significantly outpaced the performance of spot silver, indicating leverage and rising market risk appetite. ⑻ The simultaneous surge in the precious metals sector and interest rate-sensitive assets reflects strong market expectations for easing policies.
