Silver Hits Record High Amid US-EU Tensions Over Greenland; Gold Near All-Time Peak

• Silver reached a record high of $94.7295 an ounce, while gold traded near $4,670, driven by US-EU tensions over Greenland.
• President Trump's proposal to acquire Greenland and his tariff threats against European nations fueled fears of a trade war.
• The US's aggressive stance towards NATO allies has increased demand for safe-haven assets, reviving the 'Sell America' trade.
• French President Emmanuel Macron plans to activate the EU's anti-coercion instrument, despite German Chancellor Friedrich Merz's efforts to moderate the response.
• The ongoing rally in precious metals is further fueled by geopolitical instability and concerns about the Federal Reserve's independence.

Why It Matters: Geopolitical tensions over Greenland and trade war fears are driving silver to record highs and gold near peaks.