Silver extend gains for the second day in a row due to the decline of the stakes of increasing US interest rates

Silver prices rose during the European market on Monday, extending gains for the second day in a row, marking the highest level in nearly two weeks, with the acceleration of buying precious metals operations again due to the decline of the stakes of increasing US interest rates.

Silver traded by 11:30 GMT around $ 16.44 per ounce after the opening of trading today at $ 16.38, and recorded the highest level of $ 16.45, the highest since 26 last May, and the lowest level of $ 16.34.

Silver prices ended the trading on Friday, higher by 3.2 percent, the biggest one-day gain since 19 last April, after weak data about the US labor market showed the weakest pace of non-farm new jobs in the United States since May 2011..

Non-Farm jobs in the United States recorded a 38 thousand new jobs in May, the lowest pace since May 2011, less than expectations of experts to add 159 thousand jobs, and jobs in April adjusted to 123 thousand from 160 thousand.

After such data the stakes of traders for the Federal Reserve to increase US interest rates fell to 4 percent in June meeting of 22 percent, and to 27 percent in July meeting of 55 percent.

And to re-evaluate those bets investors awaiting by 16:30 GMT Janet Yellen statements head of the Federal Reserve, which speaks in the state of Philadelphia about the latest developments of the US economy and the future of interest rates increase after a decline in the pace of new jobs in the country.