For December delivery, silver was down 1.16% to $19.45 per ounce while gold was lower 0.32% to $1,337.30 per ounce.
The metals were retreating as the U.S. dollar gained strength on Friday following growing uncertainty over an interest rate hike.
Boston's Fed President Eric Rosengren said on Friday that the central bank could continue gradual rate increases since the economy appears to have reached a greater balance, MarketWatch reports.
Rosengren is a member of the Fed board that sets interest rates. His comments led the U.S. dollar higher.
Gold and silver fare poorly when interest rates are increased as investors turn toward high-yielding assets. Additionally, a stronger dollar weighs on the metals as they become more expensive and therefore less attractive to foreign buyers.
Hecla Mining, based in Coeur d Alene, ID, is a gold, silver, zinc and lead miner.
Separately, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.
TheStreet Ratings rated this stock as a "hold" with a ratings score of C.
The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures and expanding profit margins. However, as a counter to these strengths, we find that the company's return on equity has been disappointing.
You can view the full analysis from the report here: HL