Silver Price Bounces Back Near $65.70 as Investors Eye US NFP Data

The Silver price (XAG/USD) has regained ground near $65.70 after opening lower on Monday, driven by a weak sell-off in the previous session.

Investors will be watching the US Nonfarm Payrolls (NFP) data for August on Friday, as the July report led to a sharp downward revision in hawkish Federal Reserve expectations.

Fed Chairman Kevin Warsh at the Jackson Hole Symposium reiterated the need to bring inflation down to 2% target, striking a tougher tone on inflation and signaling openness to further rate hikes if underlying inflation doesn't improve convincingly.