economy
February 17, 2026
Silver Miners Fall Trading as the Metal Drops 2%
Silver mining companies including Hecla Mining, Endeavor Silver, and First Majestic Silver were down before the market opened.
TL;DR
- Spot silver prices dropped 4.6% to around $73.07 per ounce, and silver futures fell 6% to $73.05 per ounce.
- Several silver mining stocks, including Hecla Mining, First Majestic Silver, Coeur Mining, Teck Resources, Silvercorp Metals, and Wheaton Precious Metals, were down.
- Spot gold prices declined over 2% to $4,865.41 per ounce, with gold futures losing 3%.
- Deutsche Bank analysts commented on silver trading significantly below its real adjusted price from 1790.
- Silver ETFs such as ProShares Ultra Silver and iShares Silver Trust also saw declines.
- A previous sell-off in January, linked to a Federal Reserve nomination and a stronger U.S. dollar, caused silver futures to plunge 30%.
- BHP finalized a silver deal with Wheaton Precious Metals, involving an upfront payment of $4.3 billion for silver from BHP's Antemina mine.
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