Hecla Mining Company (NYSE:HL) soared to a new 52-week high on Monday as silver and gold prices rallied. Intra-day trading saw HL hit an all-time high of $10.28 before closing at $10.12, up 12.20%. Silver rose 0.74% to $41.31 per troy ounce, while gold was up 1.37% at $3,635.73 per troy ounce.

Investors are eyeing the Federal Reserve’s upcoming FOMC meeting for a potential interest rate cut. This move could weaken the US dollar, making dollar-denominated precious metals more attractive to foreign investors. Hecla Mining is a major silver producer in the US and Canada, benefiting from the recent market trends.

Read more at Yahoo Finance: Hecla Mining (HL) on Sky High as Silver, Gold Resume Rally