Silver prices rose above $33.10 per ounce on Monday, snapping a three-day losing streak as investors sought safe-haven assets amid mounting geopolitical tensions and economic uncertainty in the United States.
Market participants tracked US-led diplomatic efforts around the Russia-Ukraine conflict, while flare-ups in the Middle East intensified after Israeli airstrikes on a Gaza hospital caused five fatalities. These developments increased demand for perceived safe-haven stores of value such as silver.
At the same time, a softer US dollar provided additional support for silver. Traders grew more concerned that President Trump’s tariff policies could slow economic growth, raising the possibility that the Federal Reserve might consider further interest-rate cuts. Expectations of easier monetary policy typically lift precious metals by reducing real yields and weakening the dollar.
Investors also watched developments in China’s economy, where Premier Li Qiang urged countries to open markets and cooperate to address global instability. Signs of slower global growth or policy shifts in major economies can bolster demand for precious metals as investors seek diversification and protection against volatility.
Overall, the combination of geopolitical risks, a weaker dollar and shifting expectations for US monetary policy contributed to silver’s rebound. Traders will likely continue to monitor diplomatic developments, central-bank signals and economic data for cues on the metal’s next moves.