<ul data-eligibleForWebStory="false">Silver reached a 14-year peak driven by US tariff concerns and sustained gold demand.Market tightness was observed with spot silver rising 1.6% in Asian trading and the cost of borrowing spiking to above 6% for one month.Silver demand is high due to trade war fears, potential tariffs, and limited supply, with the metal outperforming gold with a 35% gain this year.Gold also benefitted from geopolitical conflicts but lost some gains, trading near $3,360, while silver prices rose to $38.9712 an ounce.