Against the backdrop of continuously emerging geopolitical news, the price of silver has broken through the $100 per ounce mark.

During the Friday session in the U.S. market, the price of silver has risen to over $100 per ounce. Its intraday increase exceeded 3%, and the price of this precious metal has accumulated an increase of 13% this week. Factors driving the rise in the price of this precious metal include concerns about the Iran-Ukraine conflict, as well as President Trump's pursuit of Greenland Island on the global stage at the Davos conference this week. Neil Welsh, head of the metal department at Britannia Global Markets, said, "Changes in the geopolitical situation and 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 U.S. "fleet" heading towards Iran have prompted investors to buy silver, while also driving up the prices of gold, copper, and other base metals.