Silver held around $37 per ounce on Monday after rising nearly 1% in the previous session, supported by growing bets on a Federal Reserve rate cut following a weak US jobs report for July. Data released Friday showed nonfarm payrolls rose by just 73,000, well below expectations, with downward revisions of 258,000 to prior months, signaling deeper labor market strain. Markets are now almost fully pricing in a Fed cut in September, with over 63 basis points of easing expected by year-end. The dollar's pullback and falling Treasury yields have further buoyed silver’s appeal. Elsewhere, investors are also weighing the broader economic impact of President Donald Trump’s sweeping retaliatory tariffs on growth and inflation.