Why Precious Metals Stocks Are Surging Today
Gold is up more than 2% today, while silver has jumped almost 5%. At $1,945 per ounce, gold last touched this level on Sept. 18, 2020. And silver hasn't been meaningfully above its current $25 per ounce level since that same time period.
The move has shares of the precious metal miners also popping today. Hecla Mining (NYSE: HL) is leading the way, with shares up more than 13% as of 2:30 p.m. EST. Coeur Mining (NYSE: CDE) and Fortuna Silver Mines (NYSE: FSM) are both up about 12%, while Pan American Silver (NASDAQ: PAAS), McEwen Mining (NYSE: MUX), Gold Fields (NYSE: GFI), and Harmony Gold Mining (NYSE: HMY) are also up double digits.
Shares of Kinross Gold (NYSE: KGC) are the laggard, but its shares are still up almost 8% on the day.
Source Fool.com
