Business

Silver hits record on MCX as Trump’s Greenland tariff threat sparks US-EU trade fears

January 20, 2026

Silver prices reached a record high of $94.73 on the Multi Commodity Exchange (MCX) amid rising concerns over a potential US-EU trade conflict following President Trump's tariff threats. The surge in precious metal prices reflects a broader trend as investors seek safe-haven assets due to geopolitical uncertainties.

Silver hits record on MCX as Trump’s Greenland tariff threat sparks US-EU trade fears

Credit: Mathrubhumi

Key Highlights

Silver prices hit a record $94.73 on MCX as of January 20, 2026.
The surge was driven by renewed fears of a US-EU trade dispute.
Trump's tariff warning related to Greenland contributed to market anxiety.
Gold prices also saw significant increases, nearing record levels.
Investors are turning to precious metals amid heightened geopolitical tensions.

Business

Sources

This quick summary is automatically generated using AI based on reports from multiple news sources. The content has not been reviewed or verified by humans. For complete details, accuracy, and context, please refer to the original published articles.

Silver hits record on MCX as Trump’s Greenland tariff threat sparks US-EU trade fears

Key Highlights

Sources

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