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Silver miners gain as metal prices hit record high

ReutersJan 12, 2026 2:50 PM

Shares of silver miners gain, tracking rise in white metal's prices GOL/

Spot silver XAG= up 5.1% at $84 per ounce after hitting an all-time high of $85.69 earlier in the day

Prices rise as investors snap up safe-haven assets amid heightened geopolitical uncertainties and a criminal probe into U.S. Federal Reserve Chair Jerome Powell

Gold and silver, "go together, it's just that when silver captures flow, silver really runs because its a smaller channel and its more sensitive to the flows in and out," said Ned Naylor-Leyland, gold and silver fund manager at Jupiter Asset Management

Hecla Mining HL.N up 7.2%; Coeur Mining CDE.N rises 6.1%

Shares of Canadian miners: Endeavour Silver EDR.TO up 4.5%; Silvercorp Metals SVM.TO gains 4.4%

Both Abrdn Physical Silver Shares ETF SIVR.P and iShares Silver Trust ETF SLV.P up 6% each

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