Silver Trades Cautiously Ahead of US Nonfarm Payrolls Report
Silver (XAG/USD) trades within a narrow range around $28.80 during the Asian session on Friday, staying below the weekly peak reached the previous day.
Read MoreSilver (XAG/USD) trades within a narrow range around $28.80 during the Asian session on Friday, staying below the weekly peak reached the previous day.
Read MoreSilver prices rebounded in late trading on Wednesday, rising by over 0.74% to trade at $28.21 on Thursday morning.
Read MoreSilver is trading at $28.45 on Monday morning which is the same as yesterday.Silver closed 3.24% lower despite reaching a six-week high, ending August with a 0.48% loss as gold outperformed.
Read MoreSilver is trading at $28.45 on Monday morning. The metal, which has diverged negatively from gold in the past week.
Read MoreFollowing the dollar's strength yesterday, silver, like other assets negatively correlated with the dollar, faced selling pressure and is trading around $29.40 on Thursday morning.
Read MoreOn Wednesday, silver started above the $30 level, with market activity subdued ahead of key economic data releases such as the PCE index and GDP figures.
Read MoreSilver traded above $29.90 per ounce on Tuesday, staying near its highest levels in five weeks as Federal Reserve Chair Jerome Powell reinforced expectations of an interest rate cut in September.
Read MoreLast week, silver, which appeared stronger compared to gold, started the week flat. Since the beginning of the year, silver has benefited from the rise in metals driven by geopolitical risks.
Read MoreSilver seems to have formed a downward channel after failing to break the 32.55 level.
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