Silver hits all-time high of $94 an ounce on geopolitical unrest

ECONOMY – INDICATORS

20 JANUARY 2026

• Silver hit an all-time high of $94 an ounce in the international spot market on a potential acquisition of Greenland by the U.S. and the EU’s threat to suspend the trade deal.
• Prices of the white metal have doubled since April 2025 in the wake of global demand in strategically important industries such as semi-conductors.
• Gold prices, too, rallied hitting an all-time high of ₹4,690 an ounce.

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