🔴 Pan American Silver is trading 5.8% down today as oil heightens inflation and Fed rate-hike concerns

Pan American Silver is trading 5.8% down at $45.53 as precious-metals weakness weighs on the shares.

• Reuters reported spot silver fell 4.3% as higher oil prices heightened inflation concerns and reinforced expectations of further Federal Reserve rate hikes.
• The materials sector is also under pressure amid rising yields and oil-driven concerns.
• No clear Pan American Silver-specific catalyst surfaced in available reporting; the decline appears mainly tied to sector and commodity weakness.