Silver price hits a fresh record as Trump tariff threat jolts markets
New York, Jan 20, 2026, 10:18 (EST) — Trading during the regular session. Spot silver climbed 0.7% to $95.308 an ounce on Tuesday, briefly touching a record $95.488. The metal stayed close to gold’s recent surge as investors sought safe havens following President Donald Trump’s renewed tariff threats involving Greenland. UBS analyst Giovanni Staunovo highlighted growth concerns and Trump’s push for lower U.S. rates as key factors. WisdomTree strategist Nitesh Shah expressed being “a little bit more worried” about downside risks despite a broader buyer base. Silver has surged 33.7% so far this year, after a massive 147% jump in