• XAG/USD continues its downside tumble on Monday, shedding value and slumping back into $21.00.
• Silver prices peaked at $23.56 last Friday before stumbling as broad-market risk appetite sours.
• Rising US Treasury yields coupled with a climbing US Dollar sees Silver getting knocked lower.

The XAG/USD continues to sag, crashing into the $21.00 handle as Monday see Silver prices extend declines kicked off in Friday's broad-market sell-off as investors clamor into the US Dollar in a safe haven bid.

Climbing US Treasury yields are putting pressure on Silver as investors churn on rising expectations of a global recession, coupled with market jitters stemming from the US government's recent budget standoff, where government officials brought the US to the eleventh hour on funding agreements and threatened to spark the fourth US government shutdown in a decade.

The US was able to secure itself a last-minute funding deal, but the temporary measure is set to run out of time once again in mid-November, where budget brinkmanship is expected to again rile global markets