Silver falling from its highest level in three months at the beginning of the week

Silver during Mondaytrades dropped, after it posted last week, the highest level in three months, comes under the the return of confidence to the financial markets gradually after employment sector data from the US economy, which reduced the demand for silver as a safe haven.

Silver prices are currently trading at $ 14.91 an ounce, after it recorded the lowest level at $ 14.89 an ounce, and today's session opened at $ 14.98 an ounce before recording its highest level at $ 15.00 an ounce, silver last Friday jumped to the highest level in three months to $ 15.03 an ounce.

The current decline in silver levels comes after positive data released from the US economy last Friday, which reported an improvement in the employment sector and a decline in the unemployment rate unexpectedly which brought confidence to the markets during today's trade to reduces the demand for silver as a safe haven

Where the US economy announced on Friday's jobs report for the month of January, where the number of new jobs in non-agricultural sector witnessed a height of 151 thousand, compared with expectations for a $ 189 thousand as the previous reading was 292 thousand jobs.

But markets are more interacted with the decline in the unemployment rate in the United States to become 4.9% compared with expectations and previous reading, which was higher by 5.0%.

Now expectations that the Fed will continue its monetary policy supportive of higher interest rates gradually increased this year, with the continued improvement in the employment sector, that of course causes a decline in the levels of silver in the light of the increasing demand for the dollar.