Silver futures hit the highest price since February, rising to nearly $18/ounce Monday, up 13% (XAGUSD:CUR) over the last 5 sessions, helping shares of precious metal miners.

Shares of Mag Silver (NYSEMKT:MAG), Silvercorp Metals (NYSEMKT:SVM), Fortuna Silver Mines (NYSE:FSM) and First Majestic Silver (NYSE:AG) were among the biggest equity gainers as optimism for equities returned on the back of vaccine hopes and support from the Federal Reserve Chairman Jay Powell in an interview that aired over the weekend.

Reports on consolidation in the segment, like that of Guyana and Silvercorp., in conjunction with strong results from Fortuna, may also be helping sentiment.

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