Silver Prices Traded In The Range As A Mixed U.S. Jobs Report Dampened Investor

Silver prices traded in the range as a mixed U.S. jobs report dampened investor expectations for a faster pace of rate hikes. Data showed the U.S. unemployment rate increased and wages grew less than forecast in June even as the economy created more jobs than expected. 

Wage growth is a closely watched signal of potential inflation that could prompt more interest rate hikes by the Federal Reserve. 

The U.S. economy added 213,000 jobs in June, above forecasts for 200,000 new jobs, while the unemployment rate unexpectedly rose to 4%, and Average hourly earnings grew 0.2%, undershooting forecast for a 0.3% increase.

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