Silver miners up as metal recovers after sharp drop from record high

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

Spot silver XAG= rises 4.8% to $75.7 per ounce

Prices hit all-time high of $83.62 on Monday before logging their biggest daily drop since August 2020

"The selloff yesterday had the hallmarks of profit-taking and repositioning ahead of the New Year... buyers are likely returning as the structural conditions of this rally - a weaker U.S. dollar and ongoing geopolitical uncertainty - still remain," said Zain Vawda, analyst at MarketPulse by OANDA

Hecla Mining HL.N up 1.5% and Coeur Mining CDE.N edges up 0.6%

Shares of Canadian miners Endeavour Silver EDR.TO up 2.2% and Silvercorp Metals SVM.TO up 1.7%

Abrdn Physical Silver Shares ETF SIVR.P and iShares Silver Trust ETF SLV.P rise 3.8% and 3.7%, respectively