Silver dipped just below $94 per ounce on Wednesday but remained near all-time highs as escalating US-Europe tensions over Greenland and a global bond selloff boosted safe-haven demand. US President Donald Trump threatened eight European countries opposing his plans with new tariffs unless a Greenland deal is reached, while the European Union is weighing potential retaliatory measures. Markets also worried that Europe could leverage its large holdings of US stocks and bonds in the ongoing trade dispute, with a Danish pension fund reportedly planning to exit US Treasuries. Meanwhile, global bond yields rallied following a selloff in Japanese government bonds as Prime Minister Sanae Takaichi’s proposal to remove the 8% sales tax on food raised fiscal concerns. In other news, retail investors in China, India, and the Middle East are fueling a global squeeze in the silver market as rising prices have attracted increased buying interest.
