Silver futures advance nearly one percent

Silver futures rose nearly one percent in American trade away from the lowest since February 3, 2016, even as the dollar index gained ground today, following earlier data from the US, the world's largest economy. 

As of 05:48 GMT, silver futures due on September 15 rose 0.84% to $15.555 an ounce from the opening of $15.425, while the dollar index gained 0.07% to 96.08 from the opening of 96.01. 

Earlier US data showed the labor market conditions index falling more than expected last month, while last Friday, data showed the economy created 222 thousand new jobs last month, while the unemployment rate rose to 4.4%, as average hourly earnings accelerated below expectations. 

Otherwise, Investors await Federal Reserve Governor Janet Yellen's biannual testimony about monetary policy ahead of Congress later this week, after the stellar jobs data last Friday bolstered bets for another Fed rate hike this year. 

Silver futures are rising for the first time in three sessions after marking the fourth weekly loss in five, as prices hit 17-month lows last week after global central bank governors hinted at possible tightening of monetary policies later this year.