Silver Bounces From $56.60 Support as Market Awaits US JOLTS Data
Silver (XAG/USD) edged higher after dipping to near $56.60, though it remains 1.55% lower around $57.40 as traders look ahead to US JOLTS job openings data.
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Silver (XAG/USD) found temporary support near $56.60 during the Asian session on Tuesday, attracting slight buying interest. Despite the bounce, the metal remains under pressure, trading around $57.40 — down 1.55% on the day.
Traders are now focusing on the upcoming release of the US JOLTS Job Openings data, which could provide further cues on the labor market and influence the dollar's trajectory. The silver price action suggests a cautious stance as markets await the data.
Source: FXStreet Forex News