Silver prices climbed modestly on Thursday, reaching $65.88 per troy ounce, marking a 0.87% increase from Wednesday's $65.31, according to FX Street. Despite the gain, the metal struggled to break above the $66.25 level during the European trading session.
Market participants are closely watching the upcoming United States Nonfarm Payrolls (NFP) report for August, set for release on Friday. This key economic indicator often influences precious metal prices as it provides insight into US employment trends and broader economic health.
For Japanese investors, silver’s recent movement highlights cautious positioning ahead of major US data, which could impact FX and commodity markets in the region.