Silver Prices Traded In Range With US Nonfarm Payrolls Key

Silver prices traded in range with US nonfarm payrolls key for the precious metal and a reading of 190,000 new jobs added in December expected today. 

Prices moved off session lows shrugging off the prospect of further Federal Reserve rate hikes amid upbeat labor market data pointing to underlying strength in the US economy. 

data showed the economy added 250 thousand new private sector jobs in December, beating expectations of 191K, and up from 185K in November. 

US unemployment claims rose to 250 thousand in the week ending December 30 from 245K in the previous reading, missing expectations of a dip to 241K.

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