BOTH GOLD & SILVER MOVE HIGHER ON IRAN WAR NEWS

CLICK HERE FOR NEW Morgan Silver Dollars

CLICK HERE FOR NEW Peace Silver Dollars

CLICK HERE FOR NEW $20 Gold Saint Gaudens

	China’s Silver Vaults Emptying Fast Amid Global Price Consolidation
	Global silver prices have stabilized after a period of volatility, but China's supply is constrained due to depleting stockpiles. . . . Olumide Adesina
	The Real Gold Selloff Was Psychological Not Financial
	The precious metals selloff on the 31st January was severe by any standard . . . . Matt Oliver
	Gold Replacing Treasurys as Global Reserve Asset
	Hedge fund billionaire David Einhorn says Gold is increasingly supplanting U.S. Treasurys as the world’s leading reserve asset . . . . Newsmax Wires
	Gold Rises Over 2% As Soft Inflation Data Rekindles Fed Rate-Cut Hopes
	Gold prices rose more than 2% on Friday and were headed for a weekly gain as weaker-than-expected U.S. inflation data reignited hopes for Federal Reserve rate cuts this year, offsetting concerns from stronger-than-expected jobs data earlier in the week. . . . Reuters
	Is It A Golden Era For Gold?
	Gold prices have more than doubled since late 2023, repeatedly hitting all-time highs in a sustained rally. . . . J.P. Morgan Private Bank
	"Let’s stockpile Gold" Why China is Jumping In… Bold Strategy Unveiled
	The Chinese government said it is formulating a Gold industry development plan . . . . Kim Eun-Jung

Last week, with Chinese markets closed for the New Year holiday, the trading volume slowed down. But the geopolitical, economic, U.S. Dollar, and debt news had a serious effect on the Gold price. Gold tested its recent trading range support level by briefly moving below the $4,900 level and reached $4,835 last Tuesday in U.S. trading.

Since the beginning of this month, Gold has traded between $4,410 to $5,120 per ounce. Strong demand continues to push the price back above $5,000 per ounce.

Last week, the January Federal Reserve minutes were released, it didn’t have much of an effect on the Gold price. But on Friday, the Supreme Court stopped President Trump’s tariffs, and the possibility of an attack on Iran drove the Gold price over $5,100 per ounce.

Let me provide an overview of what is happening in the physical Gold market, rare, and bullion Gold coins. Bullion and bullion plus Gold coins saw a dramatic drop in premium earlier this year, especially when the Gold coin market had sizeable liquidation in late January when Gold was trading around $5,500. Now, with Gold trading in the $5,000 area, the buyers are back, and premiums are moving higher. There is excellent value for pre-1933 BU U.S. Gold $20s and European Gold.

As for the rare coin market, the rarities ($50,000 or higher that are finest known or with low populations), that market has never been better, with rare U.S. Gold rarities reaching record levels at recent auctions.

The rare U.S. Gold coin market ($6,000 to $49,000) has been very quiet for the past year. Many of the high-grade Gold coins are trading at the same price level since Gold was $3,500 per ounce. At recent 2026 auctions, I have seen excellent activity in that part of the market with increased demand.

Modern U.S. Gold coins (minted in 1986 or later), the premiums on many of the popular Mint State and Proof U.S. Gold Eagles and Buffalos dropped when Gold was trading near the highs in late January. But, demand and premiums picked up in early February and continues to be higher this month.

The direction of the Gold price is looking good, it has built up its momentum and appears to be heading toward the $5,200 level, the breakout level for a new all-time high. Gold closed on Friday at $5,106 per ounce, up $84 for the week.

Today: In overseas trading last night, the Gold price moved higher as China started trading again, reaching a high of $5,177 before seeing light selling. As trading moved into India and London, it held in this price area. However, when trading reached the U.S. today, it broke above $5,200 and hit a high of $5,219 before seeing selling.

Last week was another very volatile week for the Silver price and trading. Silver reached its week's low of $71.70 on Tuesday, the week’s highest trading volume.
On Wednesday and Thursday, Silver moved back to $78 per ounce during Indian and London trading. On Friday, after the Supreme Court news and the buildup of U.S. forces in the Iran area, the Silver price took off with Gold during U.S. trading. Silver reached a high of $84.52 before seeing weekend profit taking.

Silver closed Friday at $82.25 per ounce, up $4.40 for the week.

During the recent severe drop in the price of Silver, I saw much of the selling was coming during Chinese trading. In an attached article (China’s Silver Vaults Emptying Fast), it explains that most of the selling was short-selling by professional traders.
Chinese traders were out for Holiday last week, but they will be back on Monday.
Based on the sizeable shortage in physical Silver, plus the current demand, I see Silver testing the $90 level pretty soon.

Today: In overseas trading last night, Silver moved higher in China, reaching a high of $87.96 before seeing light selling. In the balance of overnight trading Silver reached a high of
$88.16 per ounce. Silver is trading in the U.S. between $86 and $88, building a base for the next move towards $90.

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

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.

Stuppler & Company, Inc. 5855 Topanga Canyon Blvd. Suite 410, Woodland Hills, CA 91367
888-454-0444 - [email protected].