Silver miners fall on profit booking, investors eye Fed rate-cut signals

Shares of silver miners fall, tracking prices of the white metal GOL/

Spot silver XAG= falls 0.4% to $57.42 per ounce, after hitting an all-time high of $58.83 on Monday. The white metal has risen over 97% so far this year, bolstered by industrial demand

Prices fall as investors took profits following record high in the previous session, though expectations of Federal Reserve rate cuts provided underlying support ahead of key U.S. economic data this week

Hecla Mining HL.N down ~2% and Coeur Mining CDE.N down ~4.3%

Canadian miners Endeavour Silver EDR.TO down 6% and Silvercorp Metals SVM.TO down 4%

Abrdn Physical Silver Shares ETF SIVR.P and iShares Silver Trust SLV.P both down 1%