🟢 Silver is trading 3% up after weak September payrolls eased rate-hike concerns

Silver is trading at $62.25, up 3.04%, as weak September payrolls reduced expectations for further Federal Reserve rate hikes.

• September payrolls rose by just 29,000, well below forecasts near 90,000.
• Lower Treasury yields after the report supported demand for non-yielding precious metals; the move also reflects a rebound from Friday’s lows.
• Major U.S. indexes were slightly lower, so broad equity-market strength does not explain Silver’s gain.