Silver miners fall after Trump's tariffs raise demand concerns

Shares of silver miners fall, tracking a sharp decline in prices of the metal

Spot silver XAG= slips 7.1% to $29.56 an ounce, headed for its worst week since September 2020

Prices fall as concerns about demand for the industrial precious metal dominated sentiment due to recession fears stemming from U.S. President Donald Trump's slew of tariffs

Coeur Mining CDE.N and Hecla Mining HL.N down 10.8% and 11.5%, respectively

Canadian miners Wheaton Precious Metals WPM.TO down 6.2%, MAG Silver MAG.TO slips 9.8%, Fortuna Mining FVI.TO down 11.1% and Endeavour Silver EDR.TO loses 12.3%

ETFs Abrdn Physical Silver SIVR.P and iShares Silver Trust SLV.P both down 5.9%; Global X Silver Miners SIL.P loses 9.8% and ProShares Ultra Silver AGQ.P drops 11.7%