Silver held around $37 per ounce on Monday after gaining nearly 1% in the previous session, supported by rising expectations for a Fed rate cut following a weak US employment report for July.
Data released Friday showed nonfarm payrolls rose by just 73,000, well below expectations, with a downward revision of 258,000 from previous months, signaling deeper labor market stress. The market is now almost fully pricing in a Fed rate cut in September, with more than 63 basis points of easing expected by the end of the year.
A weaker dollar and falling US Treasury yields have further boosted silver's appeal. Investors are also considering the broader economic impact of President Donald Trump's massive retaliatory tariffs on growth and inflation. (alg)
Source: Trading Economics
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