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Silver prices (XAG/USD) sustained their upward momentum for a fourth consecutive session on Monday, hovering near $69.00 per troy ounce during European trading hours. The metal's ongoing rally is largely driven by persistent market anxieties surrounding United States fiscal sustainability and national debt management. Investors are increasingly turning to precious metals as safe-haven assets amid long-term budgetary concerns in Washington. Additional support for the precious metal comes from ongoing US Treasury bond buyback operations, which aim to enhance market liquidity and manage debt issuance dynamics. Lower yields and supply adjustments in sovereign debt markets traditionally lower the opportunity cost of holding non-yielding bullion, bolstering demand for physical silver and gold. Traders are closely monitoring incoming US economic indicators and fiscal policy developments to gauge the sustainability of this price move. If concerns over US fiscal health continue to intensify, silver could extend its gains, though upcoming macroeconomic data releases and federal debt auctions could introduce short-term price volatility.
