2025 marked silver’s (XAGUSD) best year since 1979, and the precious metal’s momentum has continued into the new year as demand for safe-haven assets soars.
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The capture of Venezuelan President Nicolás Maduro by U.S. forces, as well as President Trump’s renewed interest in annexing Greenland, has stirred geopolitical uncertainty across the globe. That benefits silver, which tends to perform well during periods of tension.
Silver Gains from Geopolitical Tensions ahead of Jobless Claims Data
Following the ouster of Maduro, Trump also ramped up threats to target Colombia and Mexico. “Colombia’s very sick too, run by a sick man who likes making cocaine and selling it to the United States,” he said. “And he’s not going to be doing it very long.”
Looking ahead, Thursday’s weekly jobless claims data could be a catalyst for silver. A weak reading would support lower interest rates, which is bullish for the metal.
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