Silver Reaches Two-Month High on US Debt Concerns

Silver prices have reached a two-month high, trading above $69 an ounce on Monday.

The move comes as concerns over US debt management and fiscal sustainability persist after the Treasury unexpectedly ramped up buybacks of longer-dated government debt.

This intervention pushed bond yields and the dollar lower, supporting demand for precious metals like silver.

Treasury Secretary Scott Bessent has signaled that further buybacks could follow and plans to introduce measures aimed at tackling borrowing costs, which are at their highest levels in years.