The price of silver has undergone a considerable gain of about 4 percent, and it is getting closer and closer to the mark of $76 per ounce. As a result of the recent steps taken by the United States in Venezuela, geopolitical risks have increased, which has led to an increase in the demand for assets that are considered to be safe havens. Because of the statements that Trump has made, there is now a certain degree of unpredictability surrounding the political change that is taking place in Venezuela.

The players in the market are keeping a careful eye on the forthcoming economic statistics in the United States in order to acquire insights into probable adjustments in the policy of the Federal Reserve. The sustained strength of price levels can be attributed to ongoing supply limitations as well as export restrictions imposed by China.

The price of silver had a considerable boost on Monday, climbing about 4 percent to go closer to $76 per ounce. This was a continuation of the increases that were seen in the previous session. A fresh emphasis on safe-haven assets has been triggered as a result of the recent surge, which can be principally ascribed to the increased geopolitical tensions that have arisen as a result of the United States’ military intervention in Venezuela and the consequent detention of President Nicolas Maduro. The declaration made by President Trump about the United States’ monitoring of Venezuela during a period of political transition has contributed to an atmosphere of anxiety, despite the fact that authorities have highlighted a variety of different leverage techniques on the table.

During the process of looking for clues indicating upcoming policy adjustments by the Federal Reserve, investors have increasingly focused their attention on a crowded economic calendar in the United States, notably the employment report for the month of December. Silver experienced a remarkable increase of nearly 150 percent last year due to supply limitations, robust industrial and investment demand, advantageous macroeconomic conditions, and China’s export restrictions exacerbating a fundamental market shortfall. The overall environment continues to be favorable, as evidenced by the fact that silver experienced this remarkable increase.