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Silver Price Forecast: XAG/USD Nosedives Below $30 As Strong US NFP Report Boosts US Yields

By: TalkMarkets

June 07, 2024 at 11:50 AM EDT

Silver price drops vertically below $30.00 as US yields soar after upbeat US NFP report for May. Both job and wage growth beat estimates. Pause in PBoC’s gold-buying also weighed on the Silver price.

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Silver Price Forecast: XAG/USD Nosedives Below $30 As Strong US NFP Report Boosts US Yields