Silver prices (XAG/USD) rose on Wednesday, according to FXStreet data. Silver prices have decreased by 13.45% since the beginning of the year. Silver prices can move due to a wide range of factors. Geopolitical instability or fears of a deep recession can make Silver price escalate due to its safe-haven status, although to a lesser extent than Gold's. As a yieldless asset, Silver tends to rise with lower interest rates.