diff --git a/changelog/unreleased/issue-5722 b/changelog/unreleased/issue-5722
new file mode 100644
index 000000000..ffe9338f2
--- /dev/null
+++ b/changelog/unreleased/issue-5722
@@ -0,0 +1,10 @@
+Bugfix: Update `mount` latest symlink after snapshot reload
+
+When `restic mount` was kept running while new snapshots were
+created, the new snapshots appeared in the mountpoint, but the `latest`
+symlink could still point to the previously latest snapshot. Restic now
+invalidates the cached snapshot directory entries after a snapshot reload so
+that `latest` points to the newest snapshot.
+
+https://github.com/restic/restic/issues/5722
+https://github.com/restic/restic/pull/21873
diff --git a/internal/fuse/dir.go b/internal/fuse/dir.go
index df558ac1f..94b18e2aa 100644
--- a/internal/fuse/dir.go
+++ b/internal/fuse/dir.go
@@ -225,7 +225,7 @@ func (d *dir) Lookup(ctx context.Context, name string) (fs.Node, error) {
 		return nil, err
 	}
 
-	return d.cache.lookupOrCreate(name, func(forget forgetFn) (fs.Node, error) {
+	return d.cache.lookupOrCreate(name, -1, func(forget forgetFn) (fs.Node, error) {
 		node, ok := d.items[name]
 		if !ok {
 			debug.Log("  Lookup(%v) -> not found", name)
diff --git a/internal/fuse/fuse_test.go b/internal/fuse/fuse_test.go
index e1e8caf9d..719d6c2eb 100644
--- a/internal/fuse/fuse_test.go
+++ b/internal/fuse/fuse_test.go
@@ -247,6 +247,39 @@ func TestStableNodeObjects(t *testing.T) {
 	testStableLookup(t, dir, "file-2")
 }
 
+func TestSnapshotsDirLatestSymlinkUpdatesAfterReload(t *testing.T) {
+	repo := repository.TestRepository(t)
+	timeTemplate := "2006-01-02T15:04:05"
+
+	firstTime, err := time.Parse(time.RFC3339, "2017-01-24T10:42:56Z")
+	rtest.OK(t, err)
+	secondTime := firstTime.Add(time.Hour)
+
+	data.TestCreateSnapshot(t, repo, firstTime, 0)
+	root := NewRoot(repo, Config{
+		TimeTemplate:  timeTemplate,
+		PathTemplates: []string{"snapshots/%T"},
+	})
+
+	snapshotsDir := testStableLookup(t, root, "snapshots")
+	rtest.Equals(t, firstTime.Format(timeTemplate), readLatestTarget(t, snapshotsDir))
+
+	data.TestCreateSnapshot(t, repo, secondTime, 0)
+	root.SnapshotsDir.dirStruct.lastCheck = time.Now().Add(-2 * minSnapshotsReloadTime)
+
+	rtest.Equals(t, secondTime.Format(timeTemplate), readLatestTarget(t, snapshotsDir))
+}
+
+func readLatestTarget(t testing.TB, node fs.Node) string {
+	t.Helper()
+
+	latest, err := node.(fs.NodeStringLookuper).Lookup(context.TODO(), "latest")
+	rtest.OK(t, err)
+	target, err := latest.(fs.NodeReadlinker).Readlink(context.TODO(), nil)
+	rtest.OK(t, err)
+	return target
+}
+
 // Test reporting of fuse.Attr.Blocks in multiples of 512.
 func TestBlocks(t *testing.T) {
 	root := &Root{}
diff --git a/internal/fuse/snapshots_dir.go b/internal/fuse/snapshots_dir.go
index 645249417..e9733c2cb 100644
--- a/internal/fuse/snapshots_dir.go
+++ b/internal/fuse/snapshots_dir.go
@@ -61,7 +61,7 @@ func (d *SnapshotsDir) ReadDirAll(ctx context.Context) ([]fuse.Dirent, error) {
 	debug.Log("ReadDirAll()")
 
 	// update snapshots
-	meta, err := d.dirStruct.UpdatePrefix(ctx, d.prefix)
+	meta, _, err := d.dirStruct.UpdatePrefix(ctx, d.prefix)
 	if err != nil {
 		return nil, unwrapCtxCanceled(err)
 	} else if meta == nil {
@@ -104,14 +104,14 @@ func (d *SnapshotsDir) ReadDirAll(ctx context.Context) ([]fuse.Dirent, error) {
 func (d *SnapshotsDir) Lookup(ctx context.Context, name string) (fs.Node, error) {
 	debug.Log("Lookup(%s)", name)
 
-	meta, err := d.dirStruct.UpdatePrefix(ctx, d.prefix)
+	meta, gen, err := d.dirStruct.UpdatePrefix(ctx, d.prefix)
 	if err != nil {
 		return nil, unwrapCtxCanceled(err)
 	} else if meta == nil {
 		return nil, syscall.ENOENT
 	}
 
-	return d.cache.lookupOrCreate(name, func(forget forgetFn) (fs.Node, error) {
+	return d.cache.lookupOrCreate(name, gen, func(forget forgetFn) (fs.Node, error) {
 		entry := meta.names[name]
 		if entry == nil {
 			return nil, syscall.ENOENT
diff --git a/internal/fuse/snapshots_dirstruct.go b/internal/fuse/snapshots_dirstruct.go
index 5059f96fe..76ba75662 100644
--- a/internal/fuse/snapshots_dirstruct.go
+++ b/internal/fuse/snapshots_dirstruct.go
@@ -43,6 +43,10 @@ type SnapshotsDirStructure struct {
 
 	hash      [sha256.Size]byte // Hash at last check.
 	lastCheck time.Time
+
+	// generation is incremented whenever the directory structure is rebuilt.
+	// It allows treeCache instances to detect stale entries and reset themselves.
+	generation int64
 }
 
 // NewSnapshotsDirStructure returns a new directory structure for snapshots.
@@ -281,6 +285,7 @@ func (d *SnapshotsDirStructure) makeDirs(snapshots data.Snapshots) {
 	}
 
 	d.entries = entries
+	d.generation++
 }
 
 const minSnapshotsReloadTime = 60 * time.Second
@@ -338,13 +343,13 @@ func (d *SnapshotsDirStructure) updateSnapshots(ctx context.Context) error {
 	return nil
 }
 
-func (d *SnapshotsDirStructure) UpdatePrefix(ctx context.Context, prefix string) (*MetaDirData, error) {
+func (d *SnapshotsDirStructure) UpdatePrefix(ctx context.Context, prefix string) (*MetaDirData, int64, error) {
 	err := d.updateSnapshots(ctx)
 	if err != nil {
-		return nil, err
+		return nil, 0, err
 	}
 
 	d.mutex.Lock()
 	defer d.mutex.Unlock()
-	return d.entries[prefix], nil
+	return d.entries[prefix], d.generation, nil
 }
diff --git a/internal/fuse/tree_cache.go b/internal/fuse/tree_cache.go
index 4b60aeb11..e4fb2fe23 100644
--- a/internal/fuse/tree_cache.go
+++ b/internal/fuse/tree_cache.go
@@ -5,12 +5,15 @@ package fuse
 import (
 	"sync"
 
+	"github.com/restic/restic/internal/debug"
+
 	"github.com/anacrolix/fuse/fs"
 )
 
 type treeCache struct {
-	nodes map[string]fs.Node
-	m     sync.Mutex
+	nodes      map[string]fs.Node
+	m          sync.Mutex
+	generation int64
 }
 
 type forgetFn func()
@@ -21,19 +24,28 @@ func newTreeCache() *treeCache {
 	}
 }
 
-func (t *treeCache) lookupOrCreate(name string, create func(forget forgetFn) (fs.Node, error)) (fs.Node, error) {
+func (t *treeCache) lookupOrCreate(name string, generation int64, create func(forget forgetFn) (fs.Node, error)) (fs.Node, error) {
 	t.m.Lock()
 	defer t.m.Unlock()
 
+	if generation >= 0 && generation != t.generation {
+		debug.Log("treeCache generation changed %d -> %d, resetting cache", t.generation, generation)
+		t.nodes = make(map[string]fs.Node)
+		t.generation = generation
+	}
+
 	if node, ok := t.nodes[name]; ok {
 		return node, nil
 	}
 
+	cacheGeneration := t.generation
 	node, err := create(func() {
 		t.m.Lock()
 		defer t.m.Unlock()
 
-		delete(t.nodes, name)
+		if t.generation == cacheGeneration {
+			delete(t.nodes, name)
+		}
 	})
 	if err != nil {
 		return nil, err
diff --git a/internal/fuse/tree_cache_test.go b/internal/fuse/tree_cache_test.go
new file mode 100644
index 000000000..594b47336
--- /dev/null
+++ b/internal/fuse/tree_cache_test.go
@@ -0,0 +1,82 @@
+//go:build darwin || freebsd || linux
+
+package fuse
+
+import (
+	"context"
+	"testing"
+
+	"github.com/anacrolix/fuse"
+	"github.com/anacrolix/fuse/fs"
+
+	"github.com/restic/restic/internal/test"
+)
+
+type cacheTestNode struct {
+	id int
+}
+
+func (n cacheTestNode) Attr(context.Context, *fuse.Attr) error {
+	return nil
+}
+
+func TestTreeCacheGeneration(t *testing.T) {
+	cache := newTreeCache()
+	created := 0
+	create := func(forgetFn) (fs.Node, error) {
+		created++
+		return cacheTestNode{id: created}, nil
+	}
+
+	node1, err := cache.lookupOrCreate("node", 1, create)
+	test.OK(t, err)
+	node2, err := cache.lookupOrCreate("node", 1, create)
+	test.OK(t, err)
+	test.Assert(t, node1 == node2, "lookup should reuse cached node")
+	test.Equals(t, 1, created)
+
+	node3, err := cache.lookupOrCreate("node", 2, create)
+	test.OK(t, err)
+	test.Assert(t, node1 != node3, "lookup should recreate node after generation change")
+	test.Equals(t, 2, created)
+
+	node4, err := cache.lookupOrCreate("node", -1, create)
+	test.OK(t, err)
+	test.Assert(t, node3 == node4, "negative generation should not reset cache")
+	test.Equals(t, 2, created)
+
+	node5, err := cache.lookupOrCreate("node", 3, create)
+	test.OK(t, err)
+	test.Assert(t, node4 != node5, "lookup should still track later generation changes")
+	test.Equals(t, 3, created)
+}
+
+func TestTreeCacheForgetOnlyRemovesSameGeneration(t *testing.T) {
+	cache := newTreeCache()
+	created := 0
+	var forgets []forgetFn
+	create := func(forget forgetFn) (fs.Node, error) {
+		created++
+		forgets = append(forgets, forget)
+		return cacheTestNode{id: created}, nil
+	}
+
+	node1, err := cache.lookupOrCreate("node", 1, create)
+	test.OK(t, err)
+	node2, err := cache.lookupOrCreate("node", 2, create)
+	test.OK(t, err)
+	test.Assert(t, node1 != node2, "lookup should recreate node after generation change")
+	test.Equals(t, 2, created)
+
+	forgets[0]()
+	node3, err := cache.lookupOrCreate("node", 2, create)
+	test.OK(t, err)
+	test.Assert(t, node2 == node3, "forget from an old generation must not remove the current node")
+	test.Equals(t, 2, created)
+
+	forgets[1]()
+	node4, err := cache.lookupOrCreate("node", 2, create)
+	test.OK(t, err)
+	test.Assert(t, node3 != node4, "forget from the current generation should remove the cached node")
+	test.Equals(t, 3, created)
+}