Commodities
Silver Prices Tread Water Ahead of Crucial US Jobs Data
Silver prices are hovering near $62 as traders wait for the US Nonfarm Payrolls (NFP) data release, which could set the tone for the metal's next directional move.
The precious metal has shown resilience in recent sessions, supported by a softer US dollar and ongoing safe-haven demand, but the labor market data remains a key risk event that could trigger volatility.
The NFP report is expected to be a major market mover, with consensus estimates pointing to a moderate increase in job additions. A stronger-than-expected reading could boost the US dollar and weigh on silver, as it would reinforce expectations of tighter monetary policy.