Silver slipped slightly below $93.5 per ounce on Tuesday but remained close to all-time highs as escalating US-Europe tensions over President Donald Trump’s threats to acquire Greenland lifted safe-haven demand for precious metals. Trump threatened eight European countries that oppose his plan with new tariffs, while European leaders weighed options for possible retaliation. Analysts warned that Europe holds around $10 trillion worth of US bonds and stocks, some of which sit with public sector funds, that could be weaponized in this latest trade war. Meanwhile, silver has seen increased volatility in recent sessions after the Trump administration decided not to impose tariffs on critical minerals, including silver, which was added to the US critical minerals list last year due to its key role in green energy technologies and electronics.
