Silver Miner ETFs Notch Best Week Since April 2020 As Rate-Cut Bets Boost Precious Metals: 5 Stocks Surge Over 20% This Week
Silver Mining Stocks Surge: Silver mining stocks have achieved their best weekly performance in over four years, driven by rising gold prices, anticipated Federal Reserve interest rate cuts, and a significant global silver supply shortage, with several ETFs reporting substantial gains.
Growing Supply Deficit: A Silver Institute survey indicates a projected supply deficit of 265 million ounces for 2023, with industrial demand expected to rise significantly, further pushing silver prices upward amidst expectations of Fed rate cuts and favorable market conditions.
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Strong U.S. Nonfarm Payrolls Data Leads to Silver Price Plunge
- Silver Price Plunge: The XAG/USD pair fell 8% to $77.56 per ounce, reflecting a shift in market sentiment to bearish as strong U.S. labor data diminished demand for safe-haven assets.
- Gold Price Decline: Spot gold prices dropped below $5,000, reaching $4,975 with a nearly 2.1% decrease, indicating investor concerns over future interest rate changes that further dampened the appeal of precious metals.
- Nonfarm Payrolls Surpass Expectations: According to the latest report from the Bureau of Labor Statistics, nonfarm payrolls increased by 130,000 in January, significantly exceeding the expected 55,000, while the unemployment rate fell to 4.3%, bolstering the case for the Federal Reserve to maintain interest rates steady.
- Poor Performance of Silver Stocks: The iShares Silver Trust (SLV) dropped 8.7% to about $69.87, while shares of silver miners First Majestic (AG), Hecla Mining (HL), and Pan American Silver Corp. (PAAS) fell by 6.3%, 7.8%, and 6% respectively, reflecting bearish market sentiment around silver prices.
Hecla Mining Rises 1.7%, Silvercorp Metals Increases 3.3%, Endeavour Silver Gains 1.5%
Hecla Mining Performance: Hecala Mining's stock has increased by 1.7%.
Silver Corp Metals Update: Silver Corp Metals has seen a rise of 3.3% in its stock value.
Endeavour Silver Growth: Endeavour Silver's stock has gone up by 1.5%.
Overall Market Trends: The performance of these companies indicates a positive trend in the silver mining sector.
Silver Prices Surge 6.6% Amid Strong Gold Demand
- Silver Price Surge: April silver futures rose 6.6% to $86 an ounce, reflecting a significant increase in market demand for silver ahead of the Lunar New Year, which boosted mining stocks.
- Gold Price Recovery: Spot gold prices increased by 1.8% to $5,113.6 per ounce, surpassing the $5,000 mark, indicating strong investor demand for gold, particularly as the Chinese New Year approaches.
- Weak Dollar Impact: The DXY index dipped 0.2% to 96.3, with the weaker dollar providing support for gold and silver prices, further enhancing the investment appeal of precious metals in the market.
- Mining Stocks Performance: Silver mining companies First Majestic and Hecla Mining gained over 4% in pre-market trading, reflecting optimistic sentiment in the precious metals sector and investors' expectations for future price increases.
Hecla Mining (HL.US) Insider Plans to Sell $29.95 Million in Common Stock via Form 144
Share Sale Announcement: Hecla Mining Co. intends to sell 4.61 million shares of its common stock on February 11, with a total market value of approximately $29.95 million.
Reduction in Shareholding: Hecla Mining Co. has reduced its shareholding in Hecla Mining (HL.US) by 5.46 million shares since January 20, 2026, with a total value of approximately $38.09 million.
US Stocks Rise on Monday as Tech Stocks Rebound
- Market Recovery: The S&P 500 Index rose by 0.47% on Monday, with the Dow Jones Industrial Average hitting an all-time high, indicating a strong recovery in the market following rebounds in tech stocks and chipmakers, reflecting investor confidence in economic recovery.
- Precious Metals Surge: Mining stocks rallied as gold prices increased by 2% and silver surged over 6%, with Coeur Mining and Hecla Mining gaining more than 7% and 5% respectively, highlighting the positive impact of strong performance in the precious metals market on related stocks.
- Earnings Season Insights: More than half of S&P 500 companies have reported earnings, with 79% exceeding expectations, and Q4 earnings growth projected at 8.4%, which is likely to further boost market sentiment and enhance investor confidence.
- Economic Data Focus: The market will closely watch upcoming economic data releases, including the employment cost index and retail sales figures, which are expected to significantly influence future monetary policy and market trends.
Spot Silver Surges Over 6% Before January Employment Data Release
Silver and Gold Prices Surge: Silver futures for March 2026 jumped 8% to $83.02, while gold prices climbed above $5,000 per ounce, reflecting strong investor demand amid rising geopolitical tensions and economic uncertainties.
Upcoming Economic Data: Investors are anticipating key U.S. economic data, including the January jobs report and inflation figures, which are expected to provide insights into the Federal Reserve's future policy direction.
Silver Stocks and ETFs Performance: The iShares Silver Trust (SLV) saw a 7.3% increase, with significant gains in silver mining stocks such as First Majestic and Hecla Mining, indicating a bullish sentiment in the silver market.
Retail Sentiment and Market Trends: Retail sentiment around silver investments remains neutral despite high trading volumes, as market participants react to the recent surge in white metal prices and ongoing economic developments.
Strong U.S. Nonfarm Payrolls Data Leads to Silver Price Plunge
- Silver Price Plunge: The XAG/USD pair fell 8% to $77.56 per ounce, reflecting a shift in market sentiment to bearish as strong U.S. labor data diminished demand for safe-haven assets.
- Gold Price Decline: Spot gold prices dropped below $5,000, reaching $4,975 with a nearly 2.1% decrease, indicating investor concerns over future interest rate changes that further dampened the appeal of precious metals.
- Nonfarm Payrolls Surpass Expectations: According to the latest report from the Bureau of Labor Statistics, nonfarm payrolls increased by 130,000 in January, significantly exceeding the expected 55,000, while the unemployment rate fell to 4.3%, bolstering the case for the Federal Reserve to maintain interest rates steady.
- Poor Performance of Silver Stocks: The iShares Silver Trust (SLV) dropped 8.7% to about $69.87, while shares of silver miners First Majestic (AG), Hecla Mining (HL), and Pan American Silver Corp. (PAAS) fell by 6.3%, 7.8%, and 6% respectively, reflecting bearish market sentiment around silver prices.
Hecla Mining Rises 1.7%, Silvercorp Metals Increases 3.3%, Endeavour Silver Gains 1.5%
Hecla Mining Performance: Hecala Mining's stock has increased by 1.7%.
Silver Corp Metals Update: Silver Corp Metals has seen a rise of 3.3% in its stock value.
Endeavour Silver Growth: Endeavour Silver's stock has gone up by 1.5%.
Overall Market Trends: The performance of these companies indicates a positive trend in the silver mining sector.
Silver Prices Surge 6.6% Amid Strong Gold Demand
- Silver Price Surge: April silver futures rose 6.6% to $86 an ounce, reflecting a significant increase in market demand for silver ahead of the Lunar New Year, which boosted mining stocks.
- Gold Price Recovery: Spot gold prices increased by 1.8% to $5,113.6 per ounce, surpassing the $5,000 mark, indicating strong investor demand for gold, particularly as the Chinese New Year approaches.
- Weak Dollar Impact: The DXY index dipped 0.2% to 96.3, with the weaker dollar providing support for gold and silver prices, further enhancing the investment appeal of precious metals in the market.
- Mining Stocks Performance: Silver mining companies First Majestic and Hecla Mining gained over 4% in pre-market trading, reflecting optimistic sentiment in the precious metals sector and investors' expectations for future price increases.
Hecla Mining (HL.US) Insider Plans to Sell $29.95 Million in Common Stock via Form 144
Share Sale Announcement: Hecla Mining Co. intends to sell 4.61 million shares of its common stock on February 11, with a total market value of approximately $29.95 million.
Reduction in Shareholding: Hecla Mining Co. has reduced its shareholding in Hecla Mining (HL.US) by 5.46 million shares since January 20, 2026, with a total value of approximately $38.09 million.
US Stocks Rise on Monday as Tech Stocks Rebound
- Market Recovery: The S&P 500 Index rose by 0.47% on Monday, with the Dow Jones Industrial Average hitting an all-time high, indicating a strong recovery in the market following rebounds in tech stocks and chipmakers, reflecting investor confidence in economic recovery.
- Precious Metals Surge: Mining stocks rallied as gold prices increased by 2% and silver surged over 6%, with Coeur Mining and Hecla Mining gaining more than 7% and 5% respectively, highlighting the positive impact of strong performance in the precious metals market on related stocks.
- Earnings Season Insights: More than half of S&P 500 companies have reported earnings, with 79% exceeding expectations, and Q4 earnings growth projected at 8.4%, which is likely to further boost market sentiment and enhance investor confidence.
- Economic Data Focus: The market will closely watch upcoming economic data releases, including the employment cost index and retail sales figures, which are expected to significantly influence future monetary policy and market trends.
Spot Silver Surges Over 6% Before January Employment Data Release
Silver and Gold Prices Surge: Silver futures for March 2026 jumped 8% to $83.02, while gold prices climbed above $5,000 per ounce, reflecting strong investor demand amid rising geopolitical tensions and economic uncertainties.
Upcoming Economic Data: Investors are anticipating key U.S. economic data, including the January jobs report and inflation figures, which are expected to provide insights into the Federal Reserve's future policy direction.
Silver Stocks and ETFs Performance: The iShares Silver Trust (SLV) saw a 7.3% increase, with significant gains in silver mining stocks such as First Majestic and Hecla Mining, indicating a bullish sentiment in the silver market.
Retail Sentiment and Market Trends: Retail sentiment around silver investments remains neutral despite high trading volumes, as market participants react to the recent surge in white metal prices and ongoing economic developments.
