Silver prices climb toward the $76.00 level amid stronger demand for safe-haven assets.

• Silver ticks up as safe-haven demand strengthens amid stalled U.S.–Iran negotiations.
• President Donald Trump canceled a planned diplomatic visit to Pakistan that could have enabled direct talks with Iran.
• Meanwhile, the Federal Reserve is expected to proceed cautiously, with gradual rate cuts anticipated under incoming Chair Kevin Warsh.

Silver (XAG/USD) extends its gains for a second straight session, hovering near $76.00 per troy ounce during Monday’s Asian trading hours. The metal is being supported by rising safe-haven demand as US–Iran peace negotiations remain at an impasse.

Donald Trump canceled a planned delegation to Pakistan that could have facilitated direct discussions with Iran. Over the weekend, he instructed Jared Kushner and Steve Witkoff to skip the trip, noting that Iran had “offered a lot, but not enough.” Trump added that Iran could initiate talks directly, emphasizing the availability of secure communication channels.

On the other side, Masoud Pezeshkian reiterated that Iran would not engage in negotiations imposed under pressure or threats.

Meanwhile, shipping activity through a key strategic waterway remains heavily constrained due to Iran’s control and a US naval blockade, raising concerns about prolonged disruptions and lending support to crude oil prices.

Elevated energy costs are fueling inflation worries and reinforcing a more hawkish outlook among central banks, which may cap further gains in non-yielding assets like silver.

At the same time, the Federal Reserve is expected to remain cautious, with markets pricing in gradual rate cuts under incoming Chair Kevin Warsh. The Fed is widely anticipated to hold rates steady at its April meeting, while investors will closely monitor the post-meeting press conference for insights into how policymakers assess rising energy prices and their implications for the longer-term interest rate path.