Silver Hits New High of $94.36 Amid Geopolitical Tensions, MCX Follows Suit

• Silver reached a new international high of $94.36 on January 19, driven by increased safe-haven demand.
• The metal, despite a dip to $93.03, remained 5.08 percent higher than its previous close.
• This new peak surpasses the previous record of $93.70 set on January 15.
• On MCX, silver opened at Rs 2,99,482 per kilogram on January 19, a 3.79 percent increase.
• Geopolitical tensions, including President Trump's trade war threats against European countries, are fueling safe-haven demand for precious metals.

Why It Matters: Silver prices surged to a new record high globally and on MCX due to escalating safe-haven demand.