XAG/USD climbs to $66.33 per ounce, recovering from Friday’s $64.84 close amid a narrowing gold-silver ratio.
Silver prices rose 2.3% to $66.33 per troy ounce on Monday, reversing part of last week’s decline. The move followed a drop in the gold-silver ratio to 63.40 from 64.09 on Friday.
Year-to-date, silver remains down 6.69%, underperforming gold amid mixed demand signals. The metal’s price is influenced by USD strength, interest rates, and safe-haven flows, though it lags gold in volatility.
No immediate market reaction was reported, with trading volumes steady in early sessions.