Silver prices today, Monday, July 6, 2026: Silver prices find room to rise following June jobs report

Silver futures rose sharply at the open on Monday, July 6, 2026, with September contracts starting at $62.92 per ounce, up 3% from Friday’s close of $61.06 before easing slightly to $62.63. The move followed a weaker-than-expected June jobs report showing only 57,000 new jobs versus expectations of more than 100,000, while unemployment fell to 4.2% from an expected 4.3%. The softer labor data pushed traders to scale back expectations for further Fed rate hikes, which is supportive for non-yielding metals like silver. The article also notes silver benefited from a weaker U.S. dollar and opened at its highest level since June 22. Performance remains strong on a longer horizon, with silver up 7.2% over the past week and 72.8% over the past year, though still down 13.3% from a month ago. The piece is broadly bullish for silver as macro data and policy expectations improve the metal’s outlook.