Mining shares linked to precious metals are climbing in U.S. premarket trading after silver and gold rebounded from Monday's sharp decline.

Silver stocks such as Pan American Silver, Coeur Mining, and Hecla Mining are up between 2.4 and 3.2 percent. Gold-related companies are also seeing gains, with Sibanye Stillwater leading the way, up 6.3 percent, according to Bloomberg.

Silver is up 7.7 percent to around $75.9 per ounce, while gold has advanced 1.3 percent to just over $4,400 per ounce. Copper prices, meanwhile, are climbing 3.0 percent to $5.73 per pound.

The rise in commodity prices has also spread to several Swedish stocks. As of 3 p.m., Boliden, Lundin Gold, and Lundin Mining had increased by 1.6 percent, 0.8 percent, and 2.7 percent, respectively.