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Precious metals rally on manufacturing weakness: Silver surges over 3% as Gold tests recent highs
Precious metals extended their blockbuster 2025 rally on Monday, with silver leading the charge higher as disappointing manufacturing data rekindled expectations for additional Federal Reserve rate cuts and weighed on the U.S. dollar. Silver climbed to $63.94 per ounce, gaining $2.07 or 3.35%, while gold traded around $4,323 per ounce, up modestly from Friday's close. The divergent performance compressed the gold-silver ratio to approximately 68, signaling increased capital flows into the more volatile white metal. One catalyst for Monday's precious metals strength came from the Empire State Manufacturing Survey, ... (full story)