BUZZ - Silver mining stocks fall due to rising oil prices

September 28 - ** Shares of U.S.-listed silver mining companies fell in premarket trading, weighed down by a weak precious metals market

** Spot silver XAG= dropped 4.7% to $61.25 per ounce, as rising oil prices (link) increased inflation concerns, strengthening the case for interest rate hikes GOL/

** On Monday, crude oil prices (link) rebounded more than 2%, after U.S. President Donald Trump rejected Iran's proposal for a peace agreement aimed at resolving bilateral conflicts and reopening the Strait of Hormuz O/R

** Hecla Mining HL.N and Coeur Mining CDE.N were down 5.4% and about 6% respectively

** Canadian mining stocks: Endeavour Silver EDR.TO, EXK.N dropped 5.4%; Silvercorp Metals SVM.TO, SVM.N slipped 5.7%

** Physical silver stock ETFs SIVR.P and iShares Silver Trust SLV.P both fell about 5%

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