Silver Price Forecast: XAG/USD rises to near $59.60 as US Dollar slumps ahead of US NFP data

Silver price (XAG/USD) trades 0.9% higher to near $59.65 during the European trading session on Thursday. The white metal gains as the US Dollar (USD) slumps ahead of the United States (US) Nonfarm Payrolls (NFP) data for June, which will be published at 12:30 GMT.