Silver miners gain as precious metal soars to new peak

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

Spot silver XAG= rises 4% to $66.3 per ounce, after touching an all-time high of $66.52 earlier in the session, extending a rally driven by tight supply, strong industrial demand and rising speculative interest

"Silver is pulling gold up with it... there is some rotational money going out of gold and into silver, platinum and palladium," said Marex analyst Edward Meir.

"$70/oz (for silver) looks to be the next logical target in the short-term," Meir says

Hecla Mining HL.N up ~3% and Coeur Mining CDE.N up 3%

Canadian miners: Endeavour Silver EDR.TO up ~2%, Silvercorp Metals SVM.TO up 1.1%

Abrdn Physical Silver Shares ETF SIVR.P and iShares Silver Trust ETF SLV.P both up ~5%