Analysis: Trump's renewed attacks on the Fed prompt market to seek safe havens, driving silver prices above $100 per ounce

Odaily News During the US trading session on Friday, the price of silver has risen to over $100 per ounce. Its intraday gain exceeds 3%, and the price of this precious metal has accumulated a 13% increase this week. Factors driving the price of this precious metal higher include concerns over the Iran and Ukraine conflicts, as well as Trump's pursuit of Greenland on the global stage at this week's Davos meeting. Neil Welsh, Head of the Metals Department at Britannia Global Markets: "Changes in the geopolitical landscape and (Trump's) renewed attacks on the Federal Reserve are prompting people to seek safe havens." For silver, analysts say the $100 price level is a so-called 'psychological price point.' Trump's remarks about the US 'fleet' heading towards Iran have prompted investors to buy silver, while also driving up prices of base metals such as gold and copper. (Jin10)