US Stock Market Move | Gold and silver stocks fell collectively; Silvercorp Metals (SVM.US) dropped nearly 8%.
Thursday, gold and silver stocks fell collectively, with Silvercorp Metals (SVM.US) dropping nearly 8%.
On Thursday, gold and silver stocks fell collectively. Silvercorp Metals (SVM.US) dropped nearly 8%, Agnico Eagle Mines Limited (AEM.US) and AngloGold Ashanti (AU.US) fell 6%, First Majestic Silver (AG.US) dropped nearly 6%, Pan American Silver Corp. (PAAS.US) fell over 5%, Kinross Gold Corporation (KGC.US) dropped nearly 5%, Gold Fields Limited Sponsored ADR (GFI.US) fell over 4%, and Newmont Corporation (NEM.US) dropped 4%. On the news front, spot gold briefly fell below $4,050/oz during intraday trading, down over 2% on the day. Spot silver at one point fell 5% intraday, approaching the key integer level of $55/oz.
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