The latest headline shocker arrived over the weekend with the sneaky (to say the least) capture of Venezuela’s Nicolas Maduro.
While a US intervention in Venezuela had been priced in to some extent, the “sci-fi” nature of the execution caught markets off guard.
The real accelerant for the renewed panic demand in metals wasn’t the capture itself, but the aftermath.
In post-operation interviews, President Trump renewed threats regarding Greenland, autonomous territory of Denmark (a NATO and EU member).
This has triggered immediate concern regarding sovereign FX reserve diversification – A Major theme during 2025.
Denmark, for instance, holds approximately $90 billion in foreign currency reserves, the majority of which are denominated in US Dollars. With diplomatic tensions rising, it is safe to assume the Danish government—and other nations watching closely—are actively looking for other solution.
This is bringing yet another buying wave in Precious Metals, further driven higher by the influx of money from asset managers at the beginning of the year and confirming the end-of-December price extremes that took Gold, Silver, and Platinum to new all-time highs.
Let’s dive into an intraday timeframe analysis for Silver (XAG/USD) and Platinum (XPT/USD) as ongoing buying is catching steam.
