Silver futures capped the biggest two-day gain in more than six months, as the prospect of the Federal Reserve holding off on raising interest rates this year boosted demand for the metal as an alternative asset.
The bond market shows traders see only an 10 percent chance the Fed will raise rates at its Oct. 27-28 meeting, following a report Friday showing weaker-than-expected job growth in the U.S. The dollar fell against a basket of 10 currencies, and the Bloomberg World Mining Index of producers headed for the biggest four-day gain since 2013.