One-month risk reversal (RR) of silver (XAG/USD) jumped the most since September 2021, on weekly basis, by the end of Friday’s North American session, per the options market data on Reuters.
That said, the RR print flashed 1.175 figure for the latest weekly count, the highest since the week ended on September 03, 2021.
Silver’s price performance also justifies the options market’s optimism as the bright metal rose during the last three consecutive weeks, before easing from a monthly high, down 0.71% intraday near $23.75 at the latest.
It’s worth noting that the latest risk-on mood weighs on the XAG/USD prices of late. However, cautious sentiment and softer USD keep metal buyers hopeful.