Silver Price Retreats Over 1%, Threatens to Drop Below $60

Silver prices lost ground on Monday, declining over 1% despite a weaker US dollar and lower Treasury yields. The white metal slipped to $61.80 after touching a session high of $63.28 earlier in the day.

Sellers are now eyeing the $60.00 mark, which if broken could accelerate losses. The pullback comes after a recent rally that pushed silver to multi-week highs.