Silver jumps for fourth straight day as most precious metals rise

Silver prices rose in the European market on Friday to continue their gains for the fourth day in a row, heading for achieving the fourth weekly gain in a row, with the rise of most precious metals as safe-haven demand increased on investors risk-aversion on trade concerns and the geopolitical tensions in the Middle East.

As of 10:58 GMT, silver prices rose more than 0.9% to $15.02 an ounce, from the opening of $14.88, and recorded a high of $15.06, and a low of $14.88.

Yesterday, the white metal prices rose 0.9%, its third consecutive daily gain, as demand for safe investment assets continued to rise.

Over the course of the week, silver prices so far have gained 0.4%, wich are about to make their fourth weekly gain in a row, among the longest weekly gains streak this year.

The rise in precious metals, especially gold and silver, drew support from investors' risk-aversion from high-yielding equities and bonds, as their focus shifted to buying safe assets amid fears of a worsening US-China trade war and the rising geopolitical tensions in the Middle East.

The rise also drew support from the growing prospects of the Federal Reserve likelihood to cut US interest rates over the next few months to counter US economic slowdown and to support the administration of President Donald Trump in his trade wars with several countries.