I've never used 1920 switches, but here are a few things I would check:
* Port counters: check error, drop and traffic counters. Are there a lot of errors on some ports? Are there ports that are way above others in traffic?
* How are the two switches connected together? If you have no VLANs then I am guessing that it's just though a regular access port in vlan 1.
* Do you have just these two switches, or is this part of a bigger network?
* How are you measuring the latency? Pinging between clients?
* Have you connected some new clients or phones in the last few weeks that may have defective or buggy NICs?
* Check the switch logs for clues.
* Are all switch ports set to Auto speed/duplex? If so, check the negotiated speed and duplex on all ports.