Silver price refreshes weekly high at $29.20 as weak US NFP data sends US yields down. The US NFP report showed that labor demand has slowed and wage growth has softened. Investors see the Fed pivoting to policy normalization in September. Silver price posts a fresh weekly high at $29.20 in Friday’s North American trading hours. The white metal gains as US yields sink after the United States Nonfarm Payrolls report for July showed signs of cooling labor market conditions.
Silver four-hour chart Silver FAQs Why do people invest in Silver? Silver is a precious metal highly traded among investors. It has been historically used as a store of value and a medium of exchange. Although less popular than Gold, traders may turn to Silver to diversify their investment portfolio, for its intrinsic value or as a potential hedge during high-inflation periods.