Quick overview

---

Silver (XAG/USD) is trading in positive territory near $76.55. The white metal continues to rise on safe-haven flows. The removal of Maduro by US President Donald Trump increased geopolitical risks in the market following the US capture of Venezuelan President Nicolas Maduro.

 

According to the Guardian, Trump threatened to launch a second military assault if Venezuela’s acting president, Delcy Rodríguez, refused to comply with their demands. Maduro began an extraordinary legal battle with significant geopolitical implications on Monday when he entered a not guilty plea to US charges in a narco-terrorism case against him.

The price of silver may also increase in anticipation of US interest rate cuts later this year. The US Federal Reserve (Fed) is currently pricing in two quarter-point cuts in 2026.

Lower interest rates could support the non-yielding price of silver by decreasing the opportunity cost of holding it.

The Bureau of Labor Statistics will release data on job openings, resignations, and layoffs on Wednesday, along with the December jobs report. In response to weakening labor market conditions, the Fed has lowered its target range for short-term borrowing rates at its last three meetings, and officials expect to lower it further this year. The University of Michigan will publish its initial January consumer sentiment index later this week, and the US government will report on housing starts.