At 09:00 GMT, the IFO institute released its reading of the German business climate index for February at 96.1 points, higher than forecasts of 95.0, and also higher than the previous reading of 95.9. This data is positive for the Euro currency.
Silver prices rose on Monday, to extend gains for second straight day and jumped to a 5-month high, on strong safe-haven demand due to escalating fears over the global economic impact of the coronavirus spread in China and other countries.
Silver prices rose 1.4% to $18.91 an ounce (highest since September 5), after opening at $18.64, and hitting an intraday low of $18.57.
The metal gained 0.75% on Friday, to post its sixth daily gain in 7 days, on investors' risk-aversion and the continued safe-haven demand.
Silver gained 4.2% during the past week, to post the second weekly gain in a row, and the largest weekly gain since August.
Most global stock markets opened sharply lower, on investors' risk aversion, on growing fears of the coronavirus rapid spread outside China.
The virus death toll increased in Italy and Iran, while South Korea announced the highest alert state of infectious diseases, after the virus infected more than 700 cases and its death toll rose to 7 victims.