GOLD CROSSING $4,300 WHILE SILVER MOVES ABOVE $64 OZ DECEMBER 15TH 2025 WEEKLY PRECIOUS METAL & RARE COIN MARKET REPORT
| 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 trading started last week at $4,215 per ounce and closed on Friday at $4,301 per ounce, up $86 for the week. Gold has been building a strong base over the key $4,000 per ounce support level for the past two months. Now, as we approach year-end, Gold is working its way to a new all-time high of over $4,380 per ounce.
Gold is having an incredible year, starting at $2,629 and crossing $4,300 per ounce in November. There are so many important factors that have contributed to this increase, and the following are just four of the key reasons.
1) The ongoing United States tariffs and trade wars have pushed many nations and their Central Banks to reduce their reliance on the U.S. dollar. They decided to move into other currencies (i.e., Chinese Yuan, Russian Ruble, and Indian Rupee) and Gold, which has no geopolitical risk.
The Central Bank's move into Gold was accelerated after July 1, 2025. On that date, the Basel III agreement allowed Central Banks to reclassify allocated physical Gold as a Tier 1 High-Quality Liquid Asset (HQLA). This change allows all Central banks to count Gold at 100% of its market value for liquidity purposes with a 0% risk weight, effectively placing it on equal footing with cash and sovereign bonds. The direct result of the updated Basel II Agreement was the purchase of over 1,100 tons of Gold this year.
2) Interest rates of major countries, including the U.S.
The European Central Bank, Bank of England, China, India, and the United States have already delivered multiple cuts this year, and it’s expected to continue. There is a strong expectation that many other major countries will be lowering interest rates to help stimulate the weakness in their economies caused by increased tariffs. The U.S. lowered interest rates in October and December and is expected to lower them again in 2026. Lower interest rates weaken the value of currencies and make Gold more attractive to own.
3) China’s De-Dollarization Policy
China is the world’s biggest producer and consumer of Gold, it is also the least transparent, leaving analysts to run their own numbers based on import data, guesswork, and tips. Analysts believe China has secretly purchased up to 10x more Gold than it shows, adding to its reserves. China is moving very fast toward replacing the U.S. Dollar with the Chinese Yuan in world commerce and as the primary reference and reserve currency for world trade.
4) BRICS nations are moving away from the U.S. Dollar towards Gold
Not just China, but Russia, India, Brazil, and South Africa’s central banks are dumping U.S. Dollars and replacing them with Gold. According to Russian sources, the BRICS strategy includes creating an independent pricing platform with settlements in national currencies and launching a "BRICS Gold Price" benchmark in direct challenge to dollar hegemony.
"For BRICS countries, Gold is a tool for protection against sanctions risks, a response to the unreliability of traditional partners, and a real asset with a thousand-year history of recognition," economics expert Yevgeny Biryukov said to Russian media on December 13.
Key U.S. Economic data to watch this week:
The week of December 15th to 19th 2025
- Tuesday, Dec. 16th: Nov. Unemployment rate, U.S. Retail Sales
- Thursday, Dec. 18th: Initial Jobless Claims, Nov. Consumer Price Index (CPI)
Today: This week’s trading started in China last night. The Gold price quickly moved up $25 when China’s market opened. By the time trading moved to London, Gold reached a high of $4,350 per ounce. The selling came in the U.S. when Gold broke below the $4,300 level.
Last week was extraordinary for Silver investors. Silver reached a new all-time high of $64.45 in early Friday trading, but closed the week at $61.80, up $3.40 for the week.
Silver’s unprecedented rally since late August has been driven by a perfect storm of global supply-chain shortages, robust industrial consumption, and renewed investor interest. These factors led to the Great London Silver Short Squeeze of October 2025. The details on this important event are now being disclosed by British precious metal analyst David Jensen:
1) The London Bullion Market Association (LBMA) Silver float effectively fell to zero on October 10th
2) COMEX Inventories fell by 46 million ounces of Silver
3) Chinese exchange Silver inventories collapsed from 77.5 million ounces on October 9 to just over 40 million ounces by November 21st. This is a staggering 48% decline in just six weeks.
What is driving this strong demand for physical Silver is India’s new police which considers Silver a monetary metal for the Central Bank and allows the public to use it as collateral for bank loans.
Also, adding to demand is Silver's superior electrical and thermal conductivity properties, which are increasingly essential to the technological transformation driving the global economy. As a result, the shortfall of supply at depositories and exchanges is driving global Silver industrial demand higher than anticipated in the vital technology sectors, which will accelerate over the next five years. Sectors such as solar energy, automotive electric vehicles (EVs) and their infrastructure, data centers, and artificial intelligence (AI) will drive industrial demand higher through 2030.
As of last Friday’s close, the Gold-to-Silver ratio has fallen to 69.60-to-1.
Today: Last week, Silver traded between $57.25 and $64.45 as Silver was consolidating its recent gains and building a firm base above the $60 resistance/support level. As this week’s trading started in China and India, Silver rallied $0.50 higher. In late Indian trading, Silver moved above $63 per ounce. Silver stayed strong in London, briefly breaking above the $64 level, reaching a high of $64.14 per ounce. Silver followed Gold lower in the U.S.
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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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