US Edition
Silver Mining Stocks Surge as Spot Silver Hits 13-Year High
- Silver prices reached $36.00 on Friday, marking a 13-year high and triggering a surge in silver mining stocks.
- The increase in prices was driven by heightened trade disputes between the US and China and a decline in the US Dollar earlier in the week, although a constructive phone conversation between Presidents Trump and Xi on Thursday led to a restart of trade negotiations.
- Industrial demand for silver increased due to its use in electronics and solar panels, while investors sought safe-haven assets amid geopolitical uncertainty and mixed economic signals.
- Notably, Endeavour Silver shares rose 8%, First Majestic Silver gained 7%, and Hecla Mining advanced 6%, reflecting strong market momentum tied to silver's price gains.
- This price breakout and stock rally suggest potential for further gains, especially if the Federal Reserve cuts rates amid slowing growth and inflation concerns.
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Under the Spotlight – Gary Thompson, CEO, Silver47 (TSX.V:AGA)
Rick Mills, Editor/ Publisher, Ahead of the Herd: Gary let’s first talk about the synergy, the advantage of merging with Summa Silver, for the company and its shareholders and then we’ll get into the financing and the different properties, but I really want to talk about this merger because I think that it was brilliant move on both company’s part. Gary Thompson, CEO, Silver47: Sure, I’m happy to. Well, I think there’s lots of reasons why this m…
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Leaning Left0Leaning Right0Center3Last UpdatedBias Distribution100% Center
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- 100% of the sources are Center
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