Silver Price Forecast: XAG/USD rises to near $33.00 on M&A news, geopolitical tensions

  • Silver price (XAG/USD) is extending its gains for the third consecutive session, trading around $32.90 per troy ounce during Asian hours on Monday. The precious metal drew support from news that Canadian miner Pan American Silver will acquire MAG Silver Corp in a deal valuing the company at approximately $2.1 billion, according to Reuters.