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Silver miners fall as stronger dollar outweighs safe-haven demand

ReutersMar 3, 2026 10:41 AM

U.S.-listed shares of silver miners fall premarket, tracking prices of the white metal GOL/

Spot silver XAG= down 6.5% at $83.63/ounce as stronger U.S. dollar curbs demand for safe havens amid rising Middle East tensions

The dollar rose to a more than one-month high, supported by firm demand and cautious market sentiment

Shares of miners Hecla HL.N and Coeur CDE.N down between 7.3% and 6.2%, respectively

Canadian miners Endeavour Silver EDR.TO, EXK.N and Silvercorp Metals SVM.TO, SVM.N dip ~6% and 6.6%, respectively

Abrdn Physical Silver Shares ETF SIVR.P and iShares Silver Trust ETF SLV.P both down ~7%

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