Khaberni - Silver prices in spot transactions jumped to $100 per ounce (the ounce) for the first time in its history on Friday, driven by strong demand and a rush to buy led to a price increase.
The rise in silver to the $100 per ounce level comes as investors flock to safe-haven assets amid geopolitical unrest, and amid expectations of a Federal Reserve (the US central bank) interest rate cut.
Silver has risen more than 200 percent since Trump took office for a second term in January last year. The strong gains achieved by silver were driven by ongoing challenges in expanding metal processing and the continual shortage in market supply.
