Silver futures settled at a 13-month high on Monday, outpacing strength in gold, which saw prices eke out only a modest gain.
Rising geopolitical worries on the back of Iran's seizure of a British-flagged tanker, as investors look for major central banks to ease policy, provided support for the precious metals.
September silver rose 21.6 cents, or 1.3%, to settle at $16.411 an ounce — logging the highest finish for a most-active contract since June 22, 2018, according to FactSet data.
Meanwhile, gold for August delivery on Comex climbed by 20 cents, or less than 0.1%, to settle at $1,426.90 an ounce. Prices on Friday had touched an intraday high above $1,450, the highest such level since May 2013, before settling down by 0.1% on Friday. They remain close to the more than six-year high of $1,428.10 they settled at on Thursday.
Source : MarketWatch