U.S. stocks opened higher on Monday, recovering some losses after last week’s selloff, as silver prices surged. The Dow Jones Industrial Average lately rose 233.05 points, or 0.78%, to 30,215.67. The S&P 500 advanced 36.41 points, or 0.98%, to 3,750.65. The Nasdaq Composite gained 181.17 points, or 1.39%, to 13,251.87.
Silver futures were up $2.96, or 11%, at $29.86, with an intrasession peak at $30.35, putting the metal at around its highest level since 2012.
Oil futures gain ground Monday, buoyed in part by a survey indicating crude output by the Organization of the Petroleum Exporting Countries rose less than expected in January. West Texas Intermediated crude for March delivery rose 36 cents, or 0.7%, to $52.56 a barrel. April Brent crude was up 55 cents, or 1%, at $55.59 a barrel.
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