Silver – XAG/USD rises to near $76.00 on increased safe-haven demand

• Silver edges higher on safe-haven demand amid stalled US–Iran peace talks.
• President Trump canceled a planned delegation to Pakistan for potential direct talks with Iran.
• Fed expected to act cautiously, with gradual rate cuts under incoming Chair Kevin Warsh.

Silver price (XAG/USD) gains ground for the second successive day, trading around $76.00 per troy ounce during the Asian hours on Monday. The white metal inches higher on increased safe-haven demand amid stalled US–Iran peace talks.

US President Donald Trump called off that delegation to Pakistan to potentially discuss directly with Iran. Trump on Saturday told Jared Kushner and Steve Witkoff to skip the trip to Pakistan, which is mediating talks, saying that Iran “offered a lot, but not enough.

President Trump said, “If they want to talk, they can come to us, or they can call us. You know, there is a telephone. We have nice, secure lines.” Iranian President Masoud Pezeshkian stated that his nation won’t enter “imposed negotiations under threats or blockade.”

Meanwhile, traffic through the strategic waterway remains largely restricted due to Iran’s controls and the US naval blockade, heightening fears of prolonged disruptions and further supporting crude oil prices.

Higher energy prices heighten concerns over persistent inflationary pressures and a hawkish tone surrounding central banks, which could limit the upside for non-interest-bearing Silver.

The US Federal Reserve is expected to act cautiously, with gradual rate cuts anticipated under incoming Chair Kevin Warsh. The Fed is widely expected to keep interest rates unchanged at its upcoming April policy meeting. Traders will closely watch the Fed’s press conference for more clues on how policymakers are interpreting the impact of higher energy costs and whether this alters their longer-term outlook on interest rates.