Stock Track | iShares Silver Trust (SLV) Soars 5.01% as Silver Prices Hit Record High Amid US-Europe Trade Tensions
Stock Track01-20 09:38
The iShares Silver Trust (SLV) surged 5.01% intraday as silver prices reached record highs, driven by escalating trade tensions between the US and Europe. President Trump's aggressive pursuit of Greenland has heightened fears of a disruptive trade war, prompting investors to flock to safe-haven assets like silver.
Spot silver prices climbed to $94.7295 per ounce, surpassing previous peaks, while gold prices also remained near all-time highs. The US has threatened tariffs on several European nations opposing its Greenland annexation plan, further fueling market uncertainty and demand for precious metals.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
