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Silver (XAG/USD): Silver holds firm above $37.00 on weak jobs data, rate cut bets and confirmed reciprocal tariffs
Trading in the region of $37.35700 in today’s session, Silver looks to continue bullish momentum shown in Friday’s session, rallying from monthly lows. Having recently succumbed to short-term selling pressure from all-time highs made in late July, recent US jobs data has helped bolster precious metal pricing. Missing expectations by some margin, coupled with some significant revisions to previous months, Friday’s nonfarm payroll represents not only a poor result, but poses a serious threat to previously held convictions that the US labor market is healthy. This goes double for the Fed, who have used the ... (full story)
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