Silver closes more than 3% higher

Silver prices rose on Thursday, as the US dollar fell against most of its rivals, amid anticipation for the release of the US monthly jobs report.

Data showed today the US unemployment claims fell around 36,000 to 837,000 during the past week, while personal income index fell 2.7%, while the ISM manufacturing PMI fell to 54.6 points in September from the 21-month high of 56 points of August.

The market is anticipating the monthly jobs report tomorrow, amid expectations that the creation of 900,000 jobs in September vs. 1.371 million jobs in August, and for the unemployment rate to drop to 8.2% from 8.4%. 

The dollar index fell against a basket of currencies by 0.1% to 93.7 points as of 23:18 GMT, after it hit a high of 93.9 and a low of 93.5.

Silver December futures rose 3.2% to close at $24.254 an ounce, with a day high of $24.030 and a low of $23.870.