Silver miners fall in premarket trading as the metal drops 2%

Group 1 - Silver prices fell in early premarket trading, with spot silver down 2% to around $74.85 per ounce and silver futures down 4% to $74.7 per ounce [1] - Major silver mining companies experienced declines, with Hecla Mining down 3%, Endeavour Silver down 3.5%, First Majestic Silver down nearly 4%, and Coeur Mining down nearly 3.4% [2] - Silver ETFs also saw significant drops, with ProShares Ultra Silver down 7% in premarket trading, while iShares Silver Trust and ABRDN physical silver fell just over 3% [3] Group 2 - Deutsche Bank analysts noted that silver was trading $7 below its real adjusted price from 1790, indicating a potential undervaluation despite current market conditions [3] - Spot gold also experienced a decline, with prices down over 1% to $4,931 per ounce and gold futures down nearly 2% to $4,952 per ounce [3]