BOTH GOLD & SILVER CONTINUE MOVING HIGHER
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Stuppler & Company is proud to provide our clients this Weekly Market Report (WMR). The report gives you my overview of the prior week’s precious metal and rare coin market activity and news. In each WMR, I share the current status of Gold and Silver along with their support and resistance levels. |
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This Week's Headlines: |
Gold started 2026 on a positive tone, moving up $183 per ounce for the first week and closed at $4,502 per ounce last Friday.
Gold is definitely on the way back to a record high very soon. International sentiment in the financial quarter continues to turn negative on the Dollar and bullish on precious metals. Last week’s military raid in Venezuela and President Trump’s recent statements about Greenland, Colombia, Mexico, and Iran are causing uncertainty on geopolitical issues. Another military move on any of these countries will drive the Gold price higher.
Last week, the U.S. employment report, auto sales, and factory orders showed a contraction in our economy, which will add fuel to the precious metal rally. I look for Gold to move toward a new all-time high ($4,570) and make a new high by the end of January. It would be highly beneficial for both the short-term and long-term price if Gold could trade in the $4,500 to $4,600 area for a short period to establish a solid base.
Key U.S. Economic data to watch this week:
The week of January 12th to January 16th 2026
- Tuesday, Jan. 13th: December U.S. Consumer Price Index, CPI Year over Year, U.S. New Home Sales, U.S. Budget Deficit
- Wednesday, Jan. 14th: November U.S. Retail sales
- Thursday, Jan. 15th: January Initial Jobless claims, Q3 U.S. Productivity
Today: With all the recent geopolitical events happening currently, we continue to see this uncertainty to affect the precious metal markets. Gold broke through the $4,600 level in the early hours this morning, saw some quick profit taking, and came back even stronger. This continues to show good support in safe havens.
Since the beginning of 2026, the price of Silver has been as low as $70.05 and reached a high of $82.10 per ounce. What an incredible high/low price range for Silver in just six trading days. On Friday, after trading as low as $74.70 per ounce, Silver closed trading in the U.S. at $79.40 per ounce, up $9.22.
The resilience of recent Silver trading has been extraordinary; the downside moves have been short-term and only incentivized buyers at the lower end of the correction. What is interesting about the recent Silver rally is that late last year, the price support and market strength were coming from London and India. This year, we are seeing lots of demand from U.S. traders and investors. I look for Silver to move above $80 per ounce and hopefully trade between $80 and $85, consolidating recent gains and building a firm base.
Today: Similar story with Gold today as well. Silver appears to continue this run of all-time highs. Plus, with some additional supply issues affecting China's ability to export this metal to the U.S., and good demand, Silver is now testing the $86 level with some profit taking as well in the market and good demand supporting it in the mid $80’s at the moment.
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Barry Stuppler has been a professional numismatist for over 60 years and is considered one the nation’s foremost experts in rare coins and precious metals. Mr. Stuppler is a past President of the American Numismatic Association (ANA) and Professional Numismatists Guild (PNG). He is currently chairman of the Federal and California State Gold & Silver Political Action Committees, and president of the
Anti-Counterfeiting Educational Foundation. Barry Stuppler, the original founder of MintStateGold.com, is proud to say he has helped over 25,000 rare coin and precious metal investors and collectors to build their collections and holdings. For more information about Barry click here.
All statements, opinions, pricing, and ideas herein are believed to be reliable, truthful and accurate to the best of Stuppler & Company’s knowledge at this time. Stuppler & Company disclaims and is not liable for any claims or losses which may be incurred by third parties while relying on information published herein. Individuals should not look at this publication as giving finance or investment advice or information for their individual suitability. All readers are advised to independently verify all representations made herein or by its representatives for your individual suitability before making your investment or collecting decisions.
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