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Silver jumped more than 5% to $94.5 per ounce on Monday, hitting a new record high after US President Donald Trump threatened to impose new tariffs .

 the metal came under pressure over the past two sessions after the Trump administration decided not to impose tariffs on critical minerals, including silver, which was added to the US critical minerals list last year due to its key role in green energy technologies and electronics. Structural supply deficits also made silver a critical asset.