Silver drops 1.5%, reaches lowest level since March

The price of white metal pulled back further in the early morning hours on Monday as cautious sentiment toward safe haven assets' investment persisted over the weekend in anticipation of this week's additional data releases and remarks by Federal Reserve officials, which could shed more light on the November interest rate decision.

The latest reading on the services and manufacturing sector in China seemingly rekindled fears about the global economic outlook.

Silver fell 1.54% to sell at $21.85 per ounce at 6:02 am CET, dropping to its lowest point since March 2023.

Baha Breaking News (BBN) / AB