It seems there is no stopping the rally in precious metals, as both silver and gold extended their record-breaking run into Wednesday's trade, with investors continuing to favour safe-haven assets amid escalating trade and geopolitical tensions. Concerns have mounted that tariff threats by US President Donald Trump on European countries linked to Greenland could escalate into a full-scale global trade war, triggering panic selling across major global markets and making precious metals more appealing to investors. Alongside this, renewed trade worries have also led to a widespread sell-off in US markets, as investors appeared to be losing confidence in the world’s largest economy.
