Silver stays above $68 as investors await Fed Jackson Hole signals

Silver edged higher above $68 an ounce on Thursday as investors awaited fresh policy signals from Federal Reserve Chair Kevin Warsh at the Jackson Hole symposium on Friday.

Despite slightly hotter-than-expected US inflation data, concerns over global debt continue to support demand for the precious metal.

Silver reached two-month highs earlier this week, with its recent rally driven by renewed concerns over dollar debasement following the US Treasury's decision to increase buybacks of older, long-dated bonds.

Investors are looking to Warsh's debut Jackson Hole speech for clues on the Fed's path toward bringing inflation back to target.

Data released Wednesday showed the PCE price index rose 3.7% year-on-year in July, slightly above expectations.

Markets now see a 38% chance of a September rate hike, while the probability of a hike by December remains above 70%, according to the CME FedWatch Tool.