Silver remains in the uptrend, as risk-on sentiment returns, which can send the price even higher from a technical and Elliott wave perspective.

Gold climbed to 4,240 USD per ounce on Monday, reaching its highest level in five weeks, as expectations solidified for an imminent Federal Reserve interest rate cut.

On Thanksgiving holiday week, the S&P 500 rose 1.7% from its previous week's close, reaching 6,849.09 by the close of trading on Friday.

A largely downbeat start to the week, with risk assets under pressure despite stepping into December off the back of the best weekly gain for global equity markets for over a month.