Silver rises 1.5% on falling dollar

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.