GOLD AND SILVER TEST KEY SUPPORT LEVELS
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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: |
Last Friday, Gold closed at $4,536 per ounce, up $184 to a new record high. Last week, the Consumer Confidence Index (CCI) for December was reported, falling to 89.1, below the forecast of 91. This weaker CCI report, along with disappointing October durable goods sales, rising tension between the U.S. and Venezuela, and a weaker U.S. Dollar, has been bullish for the Gold price.
As we start the final week of 2025, I expect many commodity exchange traders to be on vacation, resulting in lower trading volume. Friday will be the first trading day of 2026, and with light volume, anything could happen. Next Monday, I’ll release my yearend 2026 Gold prediction.
Key U.S. Economic data to watch this week:
The week of December 29th to January 2nd 2026
- Monday, Dec. 29th: November Pending Home Sales
- Wednesday, Dec. 31st: December Initial Jobless Claims
Today: In overnight trading, Gold traded between $4,308 and $4,550 per ounce, indicating a year end correction. Trading was very active, especially in the U.S., as Gold experienced a $200+ price correction after the Chicago Mercantile Exchange (CME) one of the world’s largest commodity exchanges, raised margin requirements on precious metals.
During December, Silver moved from $56.44 to $79.40 per ounce last Friday. This incredible rally to a new all-time high was totally unexpected, and floor traders and professional commodity executives are largely guessing what comes next.
A 40% move in just three weeks in any precious metal would normally call for a dramatic correction. However, Friday’s Silver trading volume in New York was the highest in over two months, and Silver’s progression toward becoming a monetized asset is a very bullish sign for both the short and long term.
Today: The volatility in the Silver markets worldwide is unbelievable. Overnight and into this morning, across global commodity exchanges, Silver reached a low of $70.48 after trading as high as $83.93 per ounce.
WOW a $13.45 (19%) high-to-low trading range.
This has been an extraordinary year for precious metal investors with Gold, Silver and platinum prices up 70% to 150%. But, many Gold ($5,000 to $50,000) and Silver rare coins ($200 to $5,000), show little to no appreciation, and in many cases, prices are lower in 2025. The only exception are certified finest known rarities with very low PCGS or NGC populations setting record highs.
Investment quality Walking Liberty Half Dollars, Morgan Dollars, and Peace Dollars are definitely undervalued right now. Additionally, many Gold Type coins, from $1 Gold pieces to $20 Saint-Gaudens, are true bargains at current Gold prices.
I have seen similar periods in the past when precious metals rallied sharply and stole the limelight from the high-quality rare coin market. When Gold and Silver prices slow down and begin building a firm base, rare-coin collectors and investors will recognize the value, and prices will start moving higher.
I will be releasing the CoinStats report next Monday, and I’ll identify many undervalued U.S. rare coins.
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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.
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