Silver Price Forecast: XAG/USD rises to near $59.60 as US Dollar slumps ahead of US NFP data

Silver price (XAG/USD) trades 0.9% higher to near $59.65 during the European trading session on Thursday. The white metal gains as the US Dollar (USD) slumps ahead of the United States (US) Nonfarm Payrolls (NFP) data for June, which will be published at 12:30 GMT.

As of writing, the US Dollar Index (DXY), which tracks the Greenback’s value against six major currencies, is down 0.4% to near 101.00.

The table below shows the percentage change of US Dollar (USD) against listed major currencies today. US Dollar was the weakest against the Japanese Yen.