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Silver closes over 3% higher as dollar slides
Silver prices rose on Thursday, after the US dollar fell against most of its peers ahead of the monthly jobs report.
US Labor Department will reveal the number of initial unemployment claims for last week, after its fell to its lowest level since the start of the pandemic.
ADB data showed today that the US private sector added 742K new jobs in April, the largest monthly rise since September, missing forecasts of 872K.
The data comes ahead of the US Labor Department's monthly jobs report for April next Friday, which provides key insight on the US labor market.
The dollar index fell against a basket of currencies by 0.4% 90.9 points as of 11:15 GMT, after it hit a high of 91.3 points and a low of 90.9 points.
Silver July futures rose 3.6% or 95 cents, and closed at $27.477 an ounce.
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Gold rises as dollar turns lower
Gold futures rose on Thursday, as investors anticipate the release of key US data, while the US dollar fell against most of its peers.
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