Silver Rises to Near $59.65 as US Dollar Weakens Ahead of NFP Data

Silver (XAG/USD) edged higher during the European session on Thursday, rising 0.9% to near $59.65. The white metal found support as the US Dollar slumped, with traders' attention fixed on the June Nonfarm Payrolls (NFP) release.

The NFP data, scheduled for 12:30 GMT, is expected to provide fresh cues on the US labor market. A weaker dollar typically boosts dollar-denominated commodities like silver, and the current move reflects pre-data positioning.

Prices are hovering around the $59.60 area, extending the session's gains. The broader trend remains dependent on the NFP outcome and subsequent dollar dynamics.