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Silver price continues to surge as Trump’s Greenland remarks and tariff threat against eight European nations heightened trade-war fears, triggering a getaway to safe-haven assets.
Hindustan Zinc shares tumbled 6% today amid the sharp fall in silver prices.
Rising geopolitical tensions on multiple fronts have fuelled a flight to safety, boosting demand for bullion as a hedge against uncertainty and dollar swings
China has had a licensing regime in place for silver since 2019.
Bullion fell as much as 1.1% in early trading, pulling back after three days of gains that had taken it to an all-time high above $4,888 an ounce on Wednesday
A short squeeze last October showed how local supply constraints can quickly go global, especially for a less-liquid metal like silver
Silver price continues to surge as Trump’s Greenland remarks and tariff threat against eight European nations heightened trade-war fears, triggering a getaway to safe-haven assets.
Globally stock markets are down and the flight to the safety of gold is up as there is a risk-off sentiment in response to Trump’s Greenland policy, the threatened tariffs on eight European countries and Europe’s hardening anti-Trump stance.
Silver price continues to surge as Trump’s Greenland remarks and tariff threat against eight European nations heightened trade-war fears, triggering a getaway to safe-haven assets.
Trump’s new tariffs, including a 10 percent EU levy, have revived trade worries and clouded the US-India trade deal, while renewed Greenland tensions have further lifted safe-haven demand.
The future contracts with April and June expiries meanwhile surged around 5% each to hit new all-time highs of Rs 1,58,200 per 10 grams and Rs 1,62,299 per 10 grams respectively.
Markets are waiting for Europe’s response to Trump’s threat to impose tariffs on eight European nations that oppose his Greenland ambitions
For those looking at fresh investment, the main risk right now is valuation and sentiment, an analyst said.
Gold continues to remain a preferred allocation, with any minor profit booking being viewed as a buying opportunity, says analyst.
Silver continues to attract strong speculative interest from both buyers and sellers, leading to sharp and erratic price swings, says analyst.
The precious metals edged lower, after rising sharply in the previous session following Trump’s pledge to put tariffs on eight European nations that opposed his Greenland ambitions.
In a historic milestone, silver topped Rs 3 lakh per kg, driven by rising safe-haven demand amid geopolitical tensions and global macro uncertainty.
Frenzied buying across multiple metals in China has stoked the gains in recent weeks, while the debasement trade, where investors avoid traditional financial assets, is also helping
Gold continues to attract premium safe-haven demand as an alternative to the dollar.
Analysts predict some profitbooking and retracement before prices move higher again.
Precious metals have rallied sharply this year, following dramatic gains in 2025, as the US seized Venezuela’s leader and then doubled down on threats to take Greenland.
On the domestic front, gold futures on the Multi Commodity Exchange (MCX) rose Rs 3,698, or 2.7 per cent, over the past week, touching a record high of Rs 1,43,590 per 10 grams on Wednesday
Next week, commodity traders will watch President Trump’s speech at the World Economic Forum in Davos for further policy signals.
Copper, zinc and aluminum all fell in Shanghai, as well as on the London Metal Exchange, which sets global benchmark prices for the commodities
The ETF is up 31.3% so far this year and has soared 210.9% in the last 12 months. Silver has set a series of new highs
