Silver Price Forecast: XAG/USD turns volatile as investors assess the US NFP report

Share:

• Silver price delivers a volatile action as investors carefully examine the US NFP report.
•  The US Dollar dropped as investors hoped that slower wage growth would ease the consumer spending momentum.
• Silver price faces some selling pressure in its upside journey toward the horizontal resistance plotted around $25.27.

Silver price (XAG/USD) demonstrates a volatile action above $24.50 as investors carefully examine the United States Nonfarm Payrolls (NFP) data for August. The US Bureau of Labor Statistics reported that fresh payrolls were 187K, outperformed estimates of 170K, and downwardly revised July’s reading of 157K.