The Zacks Mining – Silver industry had been impacted by weak silver demand as the COVID-19 pandemic crippled the industrial sector last year. Although industrial activity had been recovering this year, which led to higher silver prices, the spread of the highly contagious Delta variant put a rein on this rally. This has triggered concerns that the global economic recovery could be derailed, which is weighing on silver prices.
Silver miners including Pan American Silver PAAS, Buenaventura Mining Company Inc. BVN and MAG Silver Corp. MAG have been relying on cost management and efforts to increase efficiency.
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