XAG/USD climbs to $65.46 per ounce, trimming year-to-date losses amid a softer dollar and shifting precious metals dynamics.
Silver prices advanced 1.17% to $65.46 per troy ounce on Monday, recovering from Friday’s close of $64.70. The move trims a year-to-date decline of 7.91% as investors weigh macroeconomic signals and dollar strength.
The gold-to-silver ratio eased to 67.11 from 67.65 on Friday, reflecting relative demand shifts between the two metals. Silver’s appeal as a portfolio diversifier and inflation hedge has supported buying interest, though it remains less responsive than gold to safe-haven flows.
Price drivers include dollar fluctuations, interest rate expectations, and industrial demand. A weaker USD typically lifts silver, while lower rates reduce the opportunity cost of holding non-yielding assets.