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Fresnillo leads FTSE 100 fallers as silver slumps

Commodities & Raw MaterialsCompany FundamentalsMarket Technicals & Flows

Fresnillo fell 5.4% to 2,844p as the silver price slumped, making the miner one of the FTSE 100's biggest laggards on the day. The company is heavily exposed to silver and gold, so weakness in precious metals directly pressures its earnings outlook and share price.

Analysis

Fresnillo fell 5.4% to 2,844p as the silver price slumped, making the miner one of the FTSE 100's biggest laggards on the day. The company is heavily exposed to silver and gold, so weakness in precious metals directly pressures its earnings outlook and share price.

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