Silver rises near 3-week high ahead of US jobs data

Silver prices rose on Friday, resuming gains after taking a breather yesterday due to profit taking from a 3-week high, while today the US dollar fell against most of its rivals, ahead of the US non-farm jobs data.

Silver prices rose 0.8% to $24.07 an ounce, after opening at $23.88, and hit a low of $23.87.

Silver closed lower by 0.9% yesterday, on profit taking from a 3-week high of $24.26 an ounce.

The dollar index fell 0.1% on Friday for the sixth straight session, marking month lows at 92.15, which in turn lifts demand for ?dollar-denominated commodities.

Dollar's decline comes as haven demand drops following disappointing private sector employment data for the US, hurting chances of an earlier rate hike. 

Now investors await a variety of important US data this week, including non-farm jobs report which would help determine the likely path of interest rates. 

At 12:30 GMT, the US economy will reveal August's non-farm jobs report, amid forecasts of 720K new jobs vs. 943K jobs in July, and the unemployment rate is expected to drop to 5.2% from 5.4%, and the average hourly earnings is expected to rise by 0.3% from 0.4%.