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Silver Mining Stocks Surge as Spot Silver Hits 13-Year High

  • Silver prices surged to a 13-year high near $36 per ounce on Friday, boosting shares of major silver mining companies.
  • The increase was driven by earlier trade disputes between the US and China, alongside a declining US dollar, which boosted silverโ€™s appeal as both a precious metal and an industrial resource.
  • Additional factors included stronger European economic data and US employment gains, while a Thursday call between Presidents Trump and Xi resumed trade talks.
  • Silver prices posted a weekly gain of 9%, with EndeavourSilver shares rising 8% and First Majestic Silver up 7% on June 4.
  • This price strength suggests silver could continue rising due to its dual role as an industrial commodity and safe-haven asset amid ongoing macroeconomic uncertainty.
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The Globe & Mail broke the news in Canada on Thursday, June 5, 2025.
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