Silver prices were steady in early Asian trading on Monday, after hitting a one-week low as the U.S. dollar strengthened. The dollar's ​​gains came after Federal Reserve Chairman Jerome Powell reiterated that the central bank is in no rush to cut interest rates further, though he hinted at two potential rate cuts this year.

Adding to the pressure on silver, lingering economic concerns in China dampened the outlook for its industrial demand, as Beijing announced fresh stimulus measures without providing specifics.

Source: Newsmaker.id