What happened Shares of Pan American Silver (NASDAQ: PAAS), Fortuna Silver Mines (NYSE: FSM), and Coeur Mining (NYSE: CDE) all rose strongly on a bad day for the markets today, up 9.6%, 10.2%, and 8.6%, respectively. However, given the synchronous moves across the space, the stock gains likely had to do with the common theme of rising precious metal prices. While each is seen as an inflation hedge and safe haven asset, prices haven't moved as much as many thought, due to the strengthening dollar and higher Treasury bond yields.