By bizn_fun 
Precious metals like gold and silver have rallied recently as investors seek a safe haven asset amidst geopolitical uncertainty across the world, although there are more factors that affect silver’s price than other metals.
“Silver is tied to global economic health. It’s used in the manufacture of electronics and medical equipment, solar panels and batteries which means demand for the metal from industry ebbs and flows according to how fast the world’s economy is growing,” says Danni Hewson, head of financial analysis at AJ Bell.
“Designated a critical mineral by the US at the end of last year, the price jumped in January after China tightened its export controls leading investors to ponder the impact on already stretched global supplies,” she adds.