Silver Price Corrects to Near $61.80, Down 1%

Silver (XAG/USD) declined by 1% during Monday's Asian session, trading near $61.80. The correction follows four consecutive days of gains.

The metal's pullback occurs amid increased bearish sentiment on oil prices, which analysts say is providing a floor for silver's downside. The interplay between energy markets and precious metals remains a key factor for traders.

No further catalysts were cited in the brief report. The session's low so far is set at the current level, with resistance likely near recent highs above $62.