Shares of silver miners (link) dominated the NYSE's biggest gainers list in morning trading Monday, as the trading frenzy that sent heavily shorted stocks like GameStop Corp. (GME) and AMC Entertainment Holdings Inc. (AMC) rocketing last week appears to engulfed the silver metal (link). Silver futures shot up 12% in morning trading toward an 8-year high, putting them on track for the biggest one-day gain since March 2009. Gatos Silver Inc.'s stock (GATO) charged up 41.9% to lead all NYSE gainers, while Hecla Mining Co. shares (HL) were second on the list with a 36.6% surge, Endeavour Silver Corp. shares (EDR.T) were third with a 26.7% gain and Coeur Mining Inc.'s stock (CDE) was fourth with a 26.6% rally. Also on the, shares of First Majestic Silver Corp. (FR.T) climbed 23.4% and Fortuna Silver Mines Inc. (FVI.T) gained 18.0%. The rally in the stocks comes as the S&P 500 is up 0.5%.
-Tomi Kilgore; 415-439-6400; AskNewswires@dowjones.com
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02-01-21 1001ETCopyright (c) 2021 Dow Jones & Company, Inc.