Despite this, the RR print flashed 1.075 for the most recent monthly count, which is the highest value since October 2021.

The silver's price performance is also in line with the optimism of the options market. During February, the bright metal posted the largest monthly gains since December 2020.

The month-start consolidation and recent gains, along with the US Dollar rebound, weighs on the XAG/USD values, down 0.42% intraday at $24.35 as of Tuesday's Asian session.