Silver prices rose on Monday, and scored the largest daily gain in dollars and percentage since February, as the US dollar fell against most of its peers.

Despite some countries containing the Covid-19 pandemic, India is still an exception to this, as it is now facing a sharp spike in the infection rate and deaths, while the health system is being overwhelmed.

The US Federal Reserve decided last week to keep the interest rate between 0.0% and 0.25% unchanged.

The dollar index fell against a basket of currencies by 0.3% to 90.9 points as of 21:29 GMT, after it hit a high of 91.3 points and a low of 90.8 points.

Silver July futures rose 4.2% or 13 $1.09, and closed at $26.96 an ounce.

Most US stock indices closed higher on Monday, amid focus on the release of more corporates earnings.

Apple, Microsoft, Amazon, Tesla and Facebook have reported better-than-expected earnings in the first quarter of 2021.

Dow Jones posted a monthly gain of 2.7% in April, Nasdaq posted 5.4% monthly gain, and S&P 500 scored 5.2%.

The US Federal Reserve decided last week to keep the interest rate between 0.0% and 0.25% unchanged.

The ISM US manufacturing PMI fell to 60.7 points in April from 64.7 points in March, while analysts forecast a rise to 65.

To the oil market, WTI crude June futures rose 1.4% or 91 cents, and closed at $64.49 a barrel, after hitting a day high of $64.6 and a low of $62.9.

Brent June futures rose 1.2% or 80 cents, and closed at $67.56 a barrel, after hitting a high of $67.8 and a low of $66.1.

As for stocks, Dow Jones rose 0.7% or 238 points, and closed at 34,113, with a day high of 34,221, and a low of 33,904.

Nasdaq fell 0.5% or 67 points to 13895, with a high of 14042 and a low of 13881 points.

S&P 500 rose 0.3% or 11 points to 4,192, after hitting a high of 4,209 and a low of 4,188.

The major US stock rose on Monday, following the release of upbeat Q1 corporates earnings.

Apple, Microsoft, Amazon, Tesla and Facebook have reported better-than-expected earnings in the first quarter of 2021.

Dow Jones posted a monthly gain of 2.7% in April, Nasdaq posted 5.4% monthly gain, and S&P 500 scored 5.2%.

The US Federal Reserve decided last week to keep the interest rate between 0.0% and 0.25% unchanged.

As for stocks, Dow Jones rose 0.8% or 260 points to 34,134 as of 14:03 GMT, Nasdaq rose 0.1% or 26 points to 13,989, and S&P 500 rose 0.5% or 20 points to 4,200.

Silver prices rose 1.5% on Monday, to head for the first daily gain in 3 days, while the US dollar fell against other major currencies, ahead of key US data.

Silver prices rose about 1.5% to $26.26 an ounce, after opening at $25.89, and hit a low of $25.79.

Silver closed lower by 0.7% on Friday, in its third straight daily loss.

However, silver gained 6.2% last month, and posted the first monthly gain in 3 months, and the largest monthly gain since last December.

This comes as the market's risk appetite improved following a drop in the 10-year US treasury yields this week.

The dollar index fell 0.2%, and paused its 2-day recovery from a 2-month low.

US Treasury Secretary Janet Yellen on Sunday tamped down concerns that President Joe Biden's plans for infrastructure, jobs and families will cause inflation, saying the spending will be phased in over a decade

At 14:00 GMT, the ISM manufacturing PMI is expected up to 65.0 points in April from 64.7 points in March.