BOTH GOLD AND SILVER ARE BACK ON A POSITIVE TRACK

CLICK HERE FOR NEW Morgan Silver Dollars

CLICK HERE FOR NEW Peace Silver Dollars

CLICK HERE FOR NEW $20 Gold Saint Gaudens

	2025 Platinum Deficit: How Big Will It Be?
	Investors should expect to see significant and entrenched structural supply deficits in the platinum market for the foreseeable future... Neils Christensen
	Gold Remains Well Supported As Central Banks Continue To Buy In 2025
	Central banks’ appetite for gold remains unsated as total global reserves increased by 18 tons during the first month of the year... Neils Christensen
	Gold Rises On Weaker Dollar Trade War Fears After Trump Tariffs
	Gold prices rose on Tuesday, driven by a weaker dollar and heightened safe-haven demand amid escalating trade conflicts... Reuters
	UBS Predicts Silver To Surge To $38 As Gold Eyes $3,200 Amid Market Optimism
	UBS has raised its silver price forecast, projecting the precious metal to climb to $38 per ounce within the next 12 months... Akshat Kesarwani
	The Silver Institute Silver News February 2025
	What is the relationship between the amount of above-ground stocks of silver and the metal’s price?... The Silver Institute
	Stay Calm And Buy The Dip In Gold And Silver
	Gold’s streak of eight consecutive weekly gains, during which prices repeatedly hit record highs, has ended... Neils Christensen

Gold spent most of last week building an excellent base above the key $2,900 support level. The precious metal closed the week at $2,907 per ounce, up $57 per ounce for the week, and up $278 (10.5%) since the start of 2025.

Most of last week’s economic reports (Factory orders, Jobless claims, U.S. trade deficit, Non-farm workers payroll, and wholesale inventory levels) were very bearish for the short-term outlook of our economy. Those weak indicators are bearish for Gold, but a weak U.S. Dollar and continued safe-haven buying from central banks as well as Asian and European investors kept Gold over $2,900 per ounce.

Trump’s State of the Union speech on Tuesday and many new announcements later in the week regarding new tariffs scheduled for no later than April have caused most financial markets to lower. These are creating more economic uncertainty around the globe, driving the U.S. Dollar down (under 104) while fueling continued, strong demand for Gold.

Gold could test the key $2,900 support level again this week, but I expect to see it rise to over $2,950 and on its way to $3,000 per ounce by month-end.

Key Economic data to watch this week:
- Wednesday: Consumer Price index (CPI)
- Thursday: Producer Price Index (PPI)

Today: I like what I’m seeing this morning during Asian, Middle Eastern and European trading, with Gold trading between $2,893 and $2,919 per ounce. It's good that Gold is consolidating recent gains and building a firm base above $2,900 with excellent trading volume, especially in the face of today's stronger U.S. Dollar.

Last week, Silver out-performed Gold, rising by $1.33 (4.2%) on excellent trading volume both in future contract and physical markets. Silver closed the week at $32.54 per ounce with strong demand. A move to $33 and higher is in the cards. The Silver-to-Gold ratio has dropped to 88.82-to-1.

Today: Silver, like Gold, is starting to build an excellent base above $32 this morning. Trading between $32 and $32.78 per ounce this morning in all markets with excellent trading volume.

REMEMBER MY DAILY BLOG

If you want to get the update on what’s happening in the Gold, Silver, and rare coin markets any weekday, our company offers a daily blog Monday through Friday at www.stupplerblog.com