Silver climbed toward $29 per ounce, extending recent gains in the lead up to expected interest rate cuts from major central banks. The European Central Bank is widely expected to lower rates again on Thursday, while markets will look for clues on whether the ECB will leave the door open to cuts in October and December as well.

The Federal Reserve is also anticipated to start easing policy when it meets next week and is expected to deliver a smaller 25 basis point rate cut following a mixed US inflation report for August. Elsewhere, investors continued to assess the demand outlook in top consumer China following a mixed set of economic data, as well as trends in the renewable energy sector which utilizes silver in solar panels.

Source : Trading Economics