Silver Gains 5.5% After US Jobs Data

After the release of the US jobs report for July, silver prices surged by more than 5.5%, approaching $65 an ounce. The US economy added only 23,000 jobs, reflecting weaker-than-expected employment growth, while the unemployment rate dropped to 4.1%. This led to increased demand for silver as a safe haven, amid contrasting performances in the US labor market.

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