Silver Holds Firm Near $62 Amid US NFP Data Expectations

The price of silver remains steady near $62 as investors await key US NFP data for June, which will be released on Friday.

Absent the Fed's forward guidance, the NFP data will significantly influence the central bank's interest rate prospects.

Lower oil prices keep global inflation expectations in check, a scenario that diminishes fears of interest rate hikes by central banks. This bodes well for non-yielding assets like silver.

The WTI Oil price trades 0.9% higher at around $75, but is closer to its three-week low of $73.51 posted on Wednesday.