Periods of geopolitical uncertainty often boost demand for gold and silver, which investors view as safe-haven assets. Recent tensions between the United States and Europe have added fresh momentum to this trend. Former President Donald Trump has repeatedly expressed interest in bringing Greenland under U.S. control, but in recent weeks he has intensified his stance, drawing firm resistance from European leaders.

Danish Prime Minister Mette Frederiksen reportedly told Trump earlier this month that Greenland is “not for sale,” a position backed by leaders from the United Kingdom, Germany, France, and other European nations. In response, Trump last week threatened to impose a 10% tariff on all goods imported from eight European countries, with the rate set to rise to 25% by June 1. The initial tariffs would take effect on February 1.

Adding to the uncertainty, Trump declined to clarify whether military force could be used to seize Greenland, telling NBC News he had “no comment.” This dispute is the latest in a series of global flashpoints that have fueled gains in precious metals, following events such as the U.S. capture of Venezuelan leader Nicolás Maduro, protests in Iran, and China’s restrictions on metal exports.

Will Gold and Silver Keep Rising?

Market analysts believe the upward trend in gold and silver prices could continue through 2026. Ned Naylor-Leyland, an investment manager on Jupiter Asset Management’s gold and silver team, told CNBC that it is “absolutely” possible for gold to surpass $5,000 per ounce and silver to exceed $100 by 2026, suggesting investors should assume such milestones could be reached as early as this year.

Naylor-Leyland pointed to growing industrial demand for silver, particularly in technology-related sectors, alongside persistent global uncertainty as key drivers of higher prices. Similarly, Paul Syms, head of EMEA ETF fixed income and commodity product management at Invesco, told CNBC that a U.S. Justice Department investigation into Federal Reserve Chair Jerome Powell has raised concerns about the Fed’s independence and U.S. monetary policy. Those concerns, he said, could further support gold and silver, which are widely regarded as both safe-haven assets and hedges against inflation.

Final Thoughts:

Amid ongoing geopolitical tensions and economic uncertainty, gold and silver continue to serve as reliable safe-haven assets. In addition to physical holdings, investing in digital gold can be a wise option due to its convenience, liquidity, and accessibility. A well-diversified approach that includes both traditional and digital gold investments may help investors navigate market volatility more effectively.

Gold and Silver Surge to Record Levels as U.S.–Europe Tensions Over Greenland Escalate