Silver price rises to its highest level in over four months

Silver prices rose during Friday's trading as investors sought safe-haven assets amid escalating global trade tensions.

Silver futures increased by 0.96%, or 32.9 cents, to $34.635 per ounce at 11:11 AM Mecca time.

The spot price also rose by 0.30% to $33.9024 per ounce, marking its highest level since the end of last October.

This came after the European Union imposed retaliatory tariffs against the United States, with the U.S. president threatening further escalation.

Additionally, inflation data released throughout the week—including consumer and producer prices—supported expectations that the Federal Reserve will continue to cut borrowing costs this year