Shares of U.S.-listed silver mining companies moved higher in premarket trading on Monday after silver prices rallied to their strongest level in more than two weeks.
Spot silver advanced 2.6% to $86.73 per ounce, supported by a weaker U.S. dollar following a Supreme Court ruling that challenged President Donald Trump’s tariff measures.
Among individual miners, Hecla Mining (NYSE:HL) rose 2.2%, while Coeur Mining (NYSE:CDE) gained 1.4%.
Canadian-listed producers also participated in the rally, with Endeavour Silver (NYSE:EXK) up 2%, Silvercorp Metals (AMEX:SVM) climbing 2.4%, and Wheaton Precious Metals (NYSE:WPM) advancing 2.1%.
Exchange-traded funds linked to silver prices also posted gains, as the Abrdn Physical Silver Shares ETF (AMEX:SIVR) and the iShares Silver Trust (AMEX:SLV) each increased by 2.3%.