1 Big Reason This Silver Stock Tumbled 12.8% in September

1 Big Reason This Silver Stock Tumbled 12.8% in September

Shares of Coeur Mining (NYSE: CDE) shed 12.8% in September, according to data provided by S&P Global Market Intelligence. One factor, which essentially drives Coeur Mining's revenue and profits, is to blame for the stock's September drop: silver prices. Over the course of the month, silver prices tumbled nearly 19% after hitting a near seven-year high of around $30 per ounce in the month of August.