Silver Price Forecast: XAG/USD risk reversal rose the most in five months in February

One-month risk reversal (RR) of silver (XAG/USD) jumped the most since October 2021, on the monthly basis, by the end of Monday’s North American session, per the options market data on Reuters.

That said, the RR print flashed 1.075 figure for the latest monthly count, the highest since the month ended on October, 2021.

Silver’s price performance also justifies the options market’s optimism as the bright metal printed the biggest monthly gains since December 2020 during February.

However, the month-start consolidation of the recent gains joins the US dollar rebound to weigh on the XAG/USD prices, down 0.42% intraday around $24.35 by the press time of Tuesday’s Asian session.

Read: Silver Price Analysis: XAG/USD well supported above $24.50 as West hits Russia with new sanctions