Commodities
Silver Prices Soar Past $59 as Oil Falls and Dollar Weakens
Silver prices surged to $59.81 an ounce on Monday as oil prices declined and the US dollar weakened.
The metal's rally extended a broader metals surge, with gold moving above $4,100.
Silver's rebound was stronger than gold's because it is used in industrial applications such as solar panels, electronics, and electric vehicles.
A reduction in Middle East tensions improved the outlook for manufacturing and global demand, while cheaper energy eased concerns about rising production costs.