Shares of Silver Wheaton (NYSE:SLW) fell 3.6% after the company reported a 9% decline in first-quarter earnings, compared to the same time last year.
Gold futures for June delivery dipped 0.2% to $1,434.30 per ounce on Monday, according to CME Group. Gold traded as high as $1,448.30 and as low as $1,424.70. Gold bullion closed in London at $1,434, according to BullionVault.
Silver futures for June delivery also fell 0.2% to $23.68 per ounce. Monday’s high for silver was $23.77 while the low was $23.50.
Gold and silver funds declined in Monday trading.
- The SPDR Gold Trust (NYSE:GLD) slid 0.9%.
- The iShares Gold Trust (NYSE:IAU) also fell 0.9%.
- The iShares Silver Trust (NYSE:SLV) sank 0.7%.
Gold and silver mining ETFs pulled back during the day.
- The Market Vectors Gold Miners ETF (NYSE:GDX) dropped 2.6%.
- The Market Vectors Junior Gold Miners ETF (NYSE:GDXJ) moved down 2.2%.
- The Global X Silver Miners ETF (NYSE:SIL) slumped 2.6%.
Gold mining shares retreated on Monday.
- Agnico-Eagle Mines (NYSE:AEM) fell 2.5%.
- Barrick Gold (NYSE:ABX) slid 2.8%.
- Eldorado Gold (NYSE:EGO) dropped 3%.
- Goldcorp (NYSE:GG) dipped 1.9%.
- Kinross Gold (NYSE:KGC) declined 2.7%.
- Newmont Mining (NYSE:NEM) fell 1.5%.
- NovaGold Resources (AMEX:NG) sank 4%.
- Yamana Gold (NYSE:AUY) slumped 3.1%.
Silver mining shares also moved lower.
- Coeur d’Alene Mines (NYSE:CDE) dropped 2.6%.
- Hecla Mining (NYSE:HL) slipped 1.6%.
- Pan American Silver (NASDAQ:PAAS) fell 2.9%.
- Silver Wheaton sank 3.6%.
- Silver Standard Resources (NASDAQ:SSRI) moved down 2.4%.
As of this writing, Christopher Freeburn did not hold a position in any of the aforementioned securities. Adrian Ash of BullionVault contributed to this report.