Silver miners climb as spot prices top $70 for first time

Shares of silver miners rise premarket on Tuesday, as white metal extends rally to hit $70 an ounce for the first time GOL/

Spot silver XAG= was up 1.5% at $70.06 an ounce by 1314 GMT, after hitting an all-time high of $70.18/oz

Silver price rises on strong industrial, investment demand, tightening inventories, geopolitical tensions and expectations of further U.S. rate cuts

Hecla Mining HL.N up 3.1% and Coeur Mining CDE.N climbs 2.6%

U.S.-listed shares of Canadian miners Endeavour Silver EXK.N EDR.TO and Silvercorp Metals SVM.N SVM.TO gain 1.5% and 1.7%, respectively

Abrdn Physical Silver Shares ETF SIVR.P and iShares Silver Trust ETF SLV.P up about 1.9% each