Silver prices (XAG/USD) surged above $76.50, reaching around $76.55 during Tuesday's Asian trading session. The increase is attributed to heightened safe-haven demand following the U.S. capture of Venezuelan President Nicolas Maduro. This geopolitical development has prompted investors to seek refuge in precious metals, driving the white metal's upward momentum.
As tensions in Venezuela escalate, the demand for safe-haven assets like silver is expected to remain strong. The currency pair XAG/USD has demonstrated resilience, reflecting broader market sentiment that favors security amidst uncertainty. Traders are closely monitoring these developments, as further fluctuations in the exchange rate could impact overall trading strategies in the coming days.
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Data Source: FX Killer Analysis Team Updated: 2026-01-06 04:25
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.