Silver prices gained as traders remained cautious ahead of a congressional testimony by Federal Reserve Chairman Jerome Powell later this week.
However, persistent moderate wage gains and mounting evidence the economy was losing momentum could still encourage Fed to cut interest rates.
A rate cut by the Fed could also prompt China's central bank to cut its benchmark policy rate for the first time in four years to support the slowing economy.
Traders now await an upcoming testimony from Powell on Wednesday and Thursday for more hints on the direction of future monetary policies.
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