Silver Price Forecast: XAG/USD Holds Near $36 Ahead of US Jobs Report

Silver Price Near $36 Awaits US Jobs Report for Direction

The silver price (XAG/USD) is trading in a tight range near $36.00, showing no clear directional bias as investors await crucial US labor market data to better predict the Federal Reserve’s policy moves on interest rates.

Tuesday’s unexpectedly strong US Job Openings and a rebound in the ISM Manufacturing PMI helped support the US Dollar, influencing silver prices. Market participants remain cautious ahead of the upcoming employment data, which will be critical in assessing the timing and scale of potential Fed rate cuts.

Technically, silver needs to hold the support level at $35.40 to avoid further downside, while a break above resistance at $37.35 could signal a bullish turn.

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