Financial Mirror

Silver recovers some losses, down ahead of NFP

Silver clawed back half of its early losses in European trading on Friday, but is still 1.7% down to near $72.60. The white metal is expected to remain volatile, ahead of the US nonfarm payrolls (NFP) data for May. Investors will pay close attention to the NFP data to get fresh cues regarding the Federal Reserve’s monetary policy outlook. The NFP report is expected to show that the economy created 85,000 fresh jobs, lower than 115,000 in April. The Unemployment Rate is seen steady at 4.3%, while Average Hourly Earnings, a key measure of wage growth, is seen arriving lower The post Silver recovers some losses, down ahead of NFP appeared first on Financial Mirror .

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