Silver price slips as investors bank gains ahead of US CPI

AI desk brief

Silver eased from a seven-week high as traders locked in profits ahead of Wednesday’s US CPI print, with spot near $65/oz after an intraday move above $66. The metal has surged about 12% in just over a week and nearly 13% over the past month, but remains well below its January record. Futures also stayed strong, with US silver futures up 2.8% Monday to settle at $65.106/oz; gold futures finished at $4,361.80.