Analysis: Trump's renewed attack on the Federal Reserve prompted the market to seek safe-haven assets, pushing silver prices above $100 per ounce.

Odaily Planet Daily reported that during the US trading hours on Friday, silver prices have risen above $100 per ounce. Its intraday increase exceeded 3%, and this week, the precious metal has gained a total of 13%. Factors driving the price increase include concerns over Iran and Ukraine conflicts, as well as Trump’s pursuit of Greenland on the global stage at the Davos meeting this week. Neil Welsh, head of metals at Britannia Global Markets, said, “The shifts in the geopolitical landscape and (Trump’s) renewed attacks on the Federal Reserve are prompting people to seek safe havens.” For silver, analysts say that the $100 price level is a so-called “psychological price point.” Trump’s comments about the US “fleet” heading toward Iran prompted investors to buy silver, while also pushing up the prices of gold and base metals like copper. (Jin10)