2023-12-03 07:12:44

#Gate Post Highlights Silver Prices Forecast: Will US Non-Farm Payrolls Report Fuel Further Gains?

Silver investors eye the upcoming week, anticipating market shifts from the US Non-Farm Payrolls report following recent comments from the Fed Chair.
Last week marked a notable surge in silver (XAG/USD) prices, reaching the highest level since the week-ending July 21.
This rally was primarily ignited by Federal Reserve Chair Jerome Powell’s comments, which boosted trader confidence that the U.S. central bank might pause its monetary policy tightening.
Spot silver prices reflected this optimism, closing the week 4.50% higher. This upward trend was also supported by a corresponding rise in gold prices, further fueling the bullish sentiment in precious metals.

FARM-2.4%

FUEL1.88%

ING20.56%

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