Australian silver miners fall in tandem with precious metal declines

** Australian silver stocks decline on the day, while the broader mining sub-index drops 3.9% .AXMM

** Silver prices fall in line with gold and palladium prices as surging oil prices and resilient US economic data fuelled expectations that the Federal Reserve would keep interest rates higher for longer GOL/

** Sun Silver SS1.AX shares slip as much as 6.4% to A$0.735, their lowest since July 1

** Silver Mines SVL.AX shares decline as much as 4.8% to A$0.1 in their third straight session of losses

** Diversified miner South32 S32.AX, the owner of the Cannington silver mine, dips as much as 6.4% to A$4.08, its lowest since July 20