Silver posts highest close since September 2016

Silver futures rose on Monday, closing at a nearly 4-year high, as the US dollar fell against its peers, amid concerns over the coronavirus crisis, which lifted safe-haven demand.

Coronavirus infections increased to 12.5 million cases worldwide, with a death toll of more than 570,000 victims.

The number of US coronavirus cases surpassed 3 million cases, which raised concerns about the return of the public lockdown restrictions.

The dollar index fell against a basket of currencies by 0.2% to 96.4 as of 21:36 GMT, after hitting a high of 96.6 and a low of 96.2.

Silver September futures rose 3.9% to close at the highest level since September 2016 at $19.788 an ounce, with a day high of $19.81 and a low of $19.08.