Endeavour Silver (TSX: EDR) and Silvercorp Metals (TSX: SVM) both closed down more than 17%.
First Majestic Silver (TSX: FR), which is also being pursued for a US$500 million tax bill in Mexico, fell almost 25%.
After reaching an eight-year high earlier this week near US$30 an ounce on the spot market, silver was worth $26.72/oz at the time of writing. However it's still about 49% higher than 12 months ago.
Gold was trading at $1,840/oz.
Precious metals producers were lower in South Africa, where the two-day virtual Mining Indaba is underway.
Anglo American Platinum (JSE: AMS) closed down 6.89% while Impala Platinum (JSE: IMP) lost 3.96% and Gold Fields (JSE: GFI) was down 2.83%.
Elsewhere Glencore, which is due to release its 2020 production report later today and has appointed former Anglo American CEO Cynthia Carroll as a director, fell 1.2% in London.
Finally, market futures were pointing to an upbeat start around the world today.