Silver Stabilizes Amid Geopolitical Tensions and Strong Dollar

Silver's price has shown some stabilization after months of heavy losses, closing at $58.49 per ounce last Friday and marking its first meaningful gain since January.

The precious metal still sits nearly 52% below its 52-week high of over $121, but the gold-silver ratio stands at a historically wide level of 69.7, suggesting significant catch-up potential for silver.

Both metals have been affected by geopolitical tensions in the Middle East and a strong US dollar, which has kept silver prices below the important $60 mark.