Silver prices soared to an all-time high on Friday, while gold also reversed its recent downtrend, as global markets reacted to renewed tariff tensions involving the United States, Canada, and Brazil, the IANS reported on Friday.

The fresh wave of economic uncertainty has driven investors back towards precious metals, traditionally seen as safe-haven assets.

Silver prices witnessed a sharp rally, jumping Rs 2,356 to reach Rs 1,10,290 per kg, compared to Rs 1,07,934 per kg a day earlier. This surpassed the previous record of Rs 1,09,550 per kg, set on June 18, 2025, according to the IANS.