XAG/USD rises to $59.43 per ounce, trimming year-to-date losses amid shifting precious metals dynamics.
Silver prices climbed 2.26% to $59.43 per troy ounce on Monday, recovering from Friday’s close of $58.12. The move narrowed the metal’s year-to-date decline to 16.39%, as demand for safe-haven assets showed modest improvement.
The Gold/Silver ratio fell to 68.93 from 69.73 on Friday, signaling relative strength in silver compared to gold. Analysts note silver’s sensitivity to interest rate expectations and USD movements, with lower rates and a weaker dollar typically supporting prices.
Investors continue to monitor geopolitical risks and macroeconomic data, which may influence silver’s role as a portfolio diversifier and inflation hedge.