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Investing.com -- U.K. mining stocks rose Monday, tracking a jump in silver prices to their highest level in nearly 14 years.
Shares of Fresnillo (LON:FRES) climbed 3.2% and Hochschild Mining advanced 5.4% on the London Stock Exchange (LON:LSEG).
Silver rose 1.3% to $39.448/oz at 05:12 ET (09:12 GMT), their highest level since late 2011. The rally came as investors sought safe-haven assets amid rising global trade tensions.
On July 12, U.S. President Donald Trump threatened to impose a 30% tariff on imports from Mexico and the European Union, effective August 1.
The warning followed an earlier move to introduce a 35% tariff on Canada, with additional levies possible if retaliatory measures are taken.
Fresnillo, one of the largest primary silver producers globally, and Hochschild, which also has significant silver operations, rose alongside the commodity.