Precious metals miners sink as gold and silver prices tumble
Shares in precious metals miners fell further on Monday as gold and silver prices fell back to their lowest in over three months. The gold price was down 6% to $4,215 an ounce, wiping out gains since early December. Earlier, the yellow metal had sunk to just over $4100, a level not seen...
Endeavour Mining PLC(LSE:EDVTSX:EDVOTCQX:EDVMF) View Price & Profile Precious metals miners sink as gold and silver prices tumble
Published: 04:19 23 Mar 2026 EDT
Shares in precious metals miners fell further on Monday as gold and silver prices fell back to their lowest in over three months.
The gold price was down 6% to $4,215 an ounce, wiping out gains since early December. Earlier, the yellow metal had sunk to just over $4100, a level not seen since November.
Silver fell over 8.1% to $62.27 in early trading, before battling back to $64.7 an ounce, down 4% on the day and around three-month lows.
Among FTSE 100 stocks, Endeavour Mining PLC (LSE:EDV, TSX:EDV, OTCQX:EDVMF, FRA:6E2) fell 4.3% and Fresnillo PLC (LSE:FRES) dropped 3.3%, while among mid-caps, Pan African Resources PLC (LSE:PAF, OTCQX:PAFRY, JSE:PAN) was down 7.5%, Hochschild Mining PLC (LSE:HOC, OTCQX:HCHDF, FRA:H3M) 4.1% and Atalaya Mining Copper (LSE:ATYM, TSX:AYM) slipped 3.9%.
Gold was suffering from its inverse relationship with the dollar, said market analyst Richard Hunter at Interactive Investor.
Kathleen Brooks at XTB said the gold price is "falling off a cliff", having last week lost its grip on the $5,000 handle, with $4,000 this week looking "at risk".