Silver rate today, Jan. 20 -- The COMEX silver rate today surged to a new record high, as President Donald Trump's bid to take control of Greenland stoked concerns over a potential US-Europe trade conflict, unsettling markets.

Silver briefly climbed to an all-time high of $94.740 an ounce on Tuesday, in the international market. Meanwhile, gold prices also traded near an all-time high, at $4,670.

Prices of both the precious metals later eased slightly after a sharp rally in the previous session, which followed Trump's announcement of planned tariffs on eight European countries opposing his Greenland move.

The US's confrontational stance toward its NATO partners has unsettled financial markets, lifting demand for safe-haven assets and b...