Silver advances more than 2%, set to finish the week almost flat.
US jobs data was mixed, but the unemployment rate rose, signaling the cooling labor market.
Traders rushed into precious metals, uncertain about next week’s US inflation data, and punished the US Dollar.
Silver price rallies on the back of a mixed US jobs report that witnessed more Americans than estimated added to the workforce. Even though that would result in a strong US Dollar (USD), the Unemployment rate edged up, taking pressure off the US Federal Reserve (Fed). At the time of writing, the XAG/USD is trading at $20.49 a troy ounce.
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