Silver prices held steady around $29.50 an ounce on Monday as investors cautiously await key US economic data that could influence the Federal Reserve's monetary policy outlook.
Among the upcoming reports, the market is mainly focused on the US monthly jobs report due on Friday, which could provide insight into whether silver will recover further.
The white metal is also getting support from the positive economic outlook in China, the world's largest silver consumer.
Beijing recently pledged "more proactive" macroeconomic policies and lower interest rates this year to stimulate growth.
Additionally, data showed China's services sector expanded at a seven-month high in December, signaling resilient consumption.
Source: Trading Economics
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