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April 20, 2024
PI Global Investments

Silver miners climb as the metal hits two-year high — TradingView News

** Shares of silver miners rise, tracking prices of the metal, which hit its highest level in over two years

** Spot silver XAGUSD1! up 3.4% at $27.02/ounce, after Federal Reserve Chair Jerome Powell reiterated that recent readings on job gains and higher-than-expected inflation do not materially change the overall picture of economic policy this year

** Investors still expect the first rate cut at the Fed’s June 11-12 policy meeting

** Hecla Mining HL and Coeur Mining CDE climb 5.2% and 7.6%, respectively

** Canadian miners First Majestic Silver FR, Pan American Silver PAAS, Endeavour Silver EDR, MAG Silver MAG and Wheaton Precious Metals WPM gain between 13.5% and 2.7%

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