Silver steadies near 2-month low ahead of US jobs data

Silver prices held on Thursday, in limited trading near the 2-month low hit yesterday, as investors shy away from building new positions ahead of US jobs data later today.

Silver prices held at $22.35 an ounce as of 11:17 GMT, after opening at $22.36, and hit a day high at $22.52 and a low at $22.21.

Silver gained 0.2% yesterday, after hitting a 2-month low at $22.18 an ounce.

Silver prices lost 4.5% during November, due to growing chances of a near interest rate hike in the US.

Now investors await crucial US jobs report, expected to show an addition of 553 thousand in November, with unemployment down to 4.5%, and average income up 0.4%.