Silver Surges Past $60 on Improved Risk Appetite and Weaker Dollar

Silver prices surged on Monday as oil and dollar prices fell, pushing spot silver to $59.81 in early Asian trading. This represents a 2.8% increase from the previous day's price.

The move follows a pause in attacks between the US and Iran, which reduced fears of an imminent disruption to regional energy supplies. The reduction in geopolitical risk improved the outlook for manufacturing and global demand for silver.

Silver is widely used in solar panels, electronics, and electric vehicles, making it more sensitive than gold to changes in economic sentiment. As markets become less defensive, investors can increase exposure to silver for both its precious-metal qualities and its role in industrial supply chains.

A weaker US dollar provided another tailwind, lowering the cost of silver for buyers using other currencies and improving demand across the wider metals market.