Silver Price Surges Amid Hawkish Fed Tone and Geopolitical Tensions

The Silver price (XAG/USD) has recovered slightly to near $67.00 in the European trading session on Monday, after a weak opening earlier in the day.

This move comes as investors shift their focus to the US Nonfarm Payrolls (NFP) data for August, which will be released on Friday.

The July report showed that employers fired 23K workers, leading to a sharp downward revision in hawkish Federal Reserve expectations.

Fed Chairman Kevin Warsh reiterated the need to bring inflation down to the 2% target at the Jackson Hole Symposium, striking a tougher tone on inflation.