Mexico’s proposed higher mining royalties could block nearly $7bn in investments
The Mexican government proposed raising mining royalties under the argument that metal prices have risen in recent years.
A record $1 billion outflow from the iShares Silver Trust (SLV.P) in the week ended Wednesday helped feed silver’s torrid price decline, just as the fund’s earlier inflows aided the prior rally.
Many more small investors can trade the iShares exchange-traded fund than participate in the precious metals futures market, and that can exacerbate the volatility of day-to-day price moves, investors said.
