Silver Price Holds Steady Amid US Debt Concerns

The silver price (XAG/USD) remains steady around $69.00 per troy ounce on Monday, marking its fourth consecutive day of gains.

This uptrend is largely driven by concerns over US debt management and fiscal sustainability, which have persisted despite the US Treasury Department's pledge to at least double its buybacks of longer-dated government debt to curb surging bond yields.

US Treasury Secretary Scott Bessent announced plans to impose unprecedentedly tough sanctions on Iran as part of an economic isolation campaign designed to force Tehran and its trade partners into compliance, which threatens further constraints on global energy markets.