November 5, 2014 / 1:58 PM / 3 years ago

BUZZ-Gold and silver miners: Glimmer fades as prices hit 4-year lows

** U.S.-listed shares of gold and silver miners down 1.5-6.5 pct premarket

** Gold sinks to its lowest since mid-2010 while silver hits its weakest since February 2010

** Shares of First Majestic Silver Corp down 5.2 pct; Primero Mining Corp down 6.1 pct; Endeavour Silver Corp down 5 pct; Seabridge Gold Inc down 4.7 pct

** The surging dollar and a stronger stock market weakens the investment case for non-yielding bullion

** Spot gold down 1.9 pct at $1,145.1 an ounce, while Silver down 3.8 pct at $15.38 an ounce by 0840 ET

** Technical analysts say gold’s $1,000 level could be tested after $1,150 supports is breached

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below