Silver futures rose for the first time in four sessions away from the lowest since December 30, as the dollar index fell for the first time in five sessions, following earlier data from the US, the world's largest economy.

As of 07:09 GMT, silver futures due on September 15 rose 0.56% to $15.985 an ounce from the opening of $15.895, while the dollar index shed 0.50% to 95.81 from the opening of 96.29.

Earlier US data showed the ADP Non-Farm Employment Change with a more than expected drop in June, while unemployment claims rose unexpectedly last week, as the trade deficit shrank less than expected in May.  

Similarly, markets now await other labor data on Friday, with the unemployment rate expected to settle at the lowest since 2001 at 4.3%, while jobs and average earnings are forecast to haven risen in June. 

Services PMI rose unexpectedly last month, which draws its importance from the fact that two thirds of the American GDP depends on services, making it a vital economic marker for all kinds of economic activities like retail, utilities, housing, and healthcare. 

the Federal Reserve will release its Monetary Policy Report on Friday, as the Group of 20 convenes in the same day in Hamburg, after the Federal Reserve released the minutes of the last meeting yesterday, which showed divisions among policymakers regarding the appropriate time to reinvest their debt holdings, with some preferring a two-month timeline, and other wanting to delay normalization to the end of the year.

Silver have tumbled below $16 recently after a host of global central bank governors talked about the possibility of changing monetary policies during the European Central Bank Form on Central Banking in Portugal last week, which was priced in by the markets as hints at policy tightening to come. 

Oil futures surged nearly two percent as the dollar index fell for the first time in five sessions, following earlier data from the US, the world's largest energy consumer, including the EIA report, which showed the largest inventory drawdown in a month. 

As of 06:36 GMT, US crude futures due on August 16 rose 2.17% to $46.11 a barrel from the opening of $45.13, while Brent crude futures due on August 16 rallied 1.88% to $48.69 a barrel from the opening of $47.79, as the dollar index shed 0.48% to 95.81 from the opening of 96.29. 

Earlier US data showed the ADP Non-Farm Employment Change with a more than expected drop in June, while unemployment claims rose unexpectedly last week, as the trade deficit shrank less than expected in May.  

Similarly, markets now await other labor data on Friday, with the unemployment rate expected to settle at the lowest since 2001 at 4.3%, while jobs and average earnings are forecast to haven risen in June. 

Services PMI rose unexpectedly last month, which draws its importance from the fact that two thirds of the American GDP depends on services, making it a vital economic marker for all kinds of economic activities like retail, utilities, housing, and healthcare. 

The Energy Information Administration released its report on US crude stocks, showing a big drawdown of 6.3 million barrels in the week ending June 28, compared to a 0.1M increase in the previous reading, while analysts expected a drawdown of 2.4 million, with total stocks now decreasing to 502.9 million barrels, remaining nonetheless within the uppermost range on average in this time of year. 

Otherwise, gasoline stocks fell 3.7 million barrels, while distillate stocks, including heating fuel, fell 1.9 million; both remaining nonetheless within the uppermost range on average in this time of year. 

The surge om oil futures recouped some of the losses sustained yesterday, after OPEC's production rose for the second month in a row, as Libyan, Nigerian, and Saudi output rose last month, while Russia said more production cuts will reflect OPEC's tension and its allies. 

The Energy Information Administration released its report on US crude stocks, showing a big drawdown of 6.3 million barrels in the week ending June 28, compared to a 0.1M increase in the previous reading, while analysts expected a drawdown of 2.4 million, with total stocks now decreasing to 502.9 million barrels, remaining nonetheless within the uppermost range on average in this time of year. 

Otherwise, gasoline stocks fell 3.7 million barrels, while distillate stocks, including heating fuel, fell 1.9 million; both remaining nonetheless within the uppermost range on average in this time of year. 

Sterling edged up in American trade against the dollar to the highest in a week, following earlier data from the US, the world's largest economy, and amid a lack thereof from Britain on Thursday. 

As of 04:50 GMT, GBP/USD rose to 1.2968 from the opening of 1.2934, with an intraday low at 1.2929, and the highest since June 28 at 1.2984. 

Earlier US data showed the ADP Non-Farm Employment Change with a more than expected drop in June, while unemployment claims rose unexpectedly last week, as the trade deficit shrank less than expected in May.  

Similarly, markets now await other labor data on Friday, with the unemployment rate expected to settle at the lowest since 2001 at 4.3%, while jobs and average earnings are forecast to haven risen in June. 

Services PMI rose unexpectedly last month, which draws its importance from the fact that two thirds of the American GDP depends on services, making it a vital economic marker for all kinds of economic activities like retail, utilities, housing, and healthcare. 

the Federal Reserve will release its Monetary Policy Report on Friday, as the Group of 20 convenes in the same day in Hamburg, after the Federal Reserve released the minutes of the last meeting yesterday, which showed divisions among policymakers regarding the appropriate time to reinvest their debt holdings, with some preferring a two-month timeline, and other wanting to delay normalization to the end of the year.