The price of silver dropped on Monday after a failed attempt to reach multi-month highs. Despite briefly hitting $31.43, the metal faced a sell-off due to profit-taking and a stronger U.S. dollar. At 11:46 GMT, XAG/USD was trading at $30.71, down $0.47 or -1.50%. The market’s outlook for silver remains under pressure from the strengthening dollar and concerns about China’s economic challenges. Traders are closely monitoring these factors to anticipate future price movements in the silver market.