Silver prices held above $30 per ounce on Friday, hovering near three week highs as investors absorbed the Fed's cautious stance on interest rate cuts. The Fed's uncertainty surrounding inflation and the proposed tariffs under President-elect Trump's administration has kept market participants on edge, reinforcing the demand for silver as a safe-haven asset. Additionally, strong industrial demand for silver, driven by its essential role in renewable energy technologies and electronics, has further bolstered its value. Supply constraints, including labor strikes and operational disruptions in mining, have exacerbated the supply deficit, providing upward pressure on prices. Moreover, ongoing geopolitical tensions and economic policy uncertainties have contributed to volatility, encouraging investors to seek stability in precious metals like silver.