On July 28, Hecla Mining fell 5.13% in regular trading, trading at $14.41/share, with turnover of $44.49 million. The decline came as spot silver dropped approximately 1.7% to around $57.30/oz, dragging the broader precious metals mining sector lower.

The Federal Reserve is set to announce its interest rate decision on July 29, with rate futures indicating a roughly 36% probability of a hike. Ahead of the announcement, funds have been compressing precious metals risk exposure. Rate hike expectations weigh on silver through two channels: rising real interest rates and a stronger U.S. dollar, both of which pressure the white metal.

Within the Silver sector, the selloff was broad-based. Aya Gold & Silver fell 6.42%, Silvercorp Metals declined 4.8%, Vizsla Silver dropped 4.97%, Endeavour Silver lost 4.72%, and First Majestic Silver slid 4.69%.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)