The Silver market saw a slight surge today, as XAG/USD managed to edge higher amidst cautious optimism. However, the prices remained on backfoot due to the impending announcement concerning the US Non-Farm Payrolls (NFP). Investors are keenly watching for signs that could potentially shake up the market. We are yet to see what implications this will have on silver prices as the week progresses.
Despite the current uptick, it’s a game of wait and see. Market participants are keeping their eyes peeled on the NFP’s latest statistics, which could prove to be a significant market mover. A positive NFP report could potentially boost the dollar, effectively placing further stress on silver prices.
It will be interesting to witness how the silver market reacts to these economic conditions in the coming days. Stay tuned for more updates on FXStreet. Read More
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