GOLD KEEPS MAKING NEW ALL-TIME HIGHS – CHAOS CONTINUES
| 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. |
|
|
|
|
This Week's Headlines: |
Whether a supporter or opponent of President Trump, you must agree that his recent statements about Greenland, the Panama Canal, the Gaza Strip, and tariffs are causing domestic chaos and worldwide concerns. The Gold price is reacting to those concerns, closing at $2,867 last Friday, up $75 per ounce, and reaching a new all-time high of $2,890 per ounce. Gold should touch $2,900 early next week and how sellers react to that could dictate the short-term direction of the Gold price. However, for the long-term $3,000 is coming.
The recent actions of Elon Musk’s DOGE (Department of Government Efficiency) is driving many government employees and legislators crazy and we are seeing mounting criticism everywhere.
The Gold price is behaving like a real safe haven investment as more and more investors and financial institutions are adding to their holdings. It would be healthy for Gold to slow down and build a base above $2,850 or $2,900 for the next leg higher of $3,000 per ounce, but the next statement to come from Trump or Elon Musk could drive the price higher.
Buckle up this will be a very volatile February for investors. I believe we are going into a highly explosive period for Gold/Silver prices and Citi-Bank, JP Morgan, UBS and Goldman Sachs have all stated the same. Chaos and uncertainty are very bullish for the Gold price.
Today: Up, up and away goes the Gold price this morning in Asian and European markets, with Gold breaking above the $2,900 level and setting a new all-time high of $2,910
per ounce before finding sellers. The term safe-haven investment is now very popular with many investors and financial institutions worldwide and Gold demand is benefiting from that term.
Silver broke down on Friday, moving below the key $32 level in late trading. Silver closed last Friday at $31.85, up $0.50 for the week, but well off its high of $32.50 per ounce. Silver is showing far more volatility than Gold in this safe-haven environment.
Silver has the potential of being very explosive and we could easily see $35 within a couple of months if the Gold price stays strong.
Today: Silver opened this morning at $31.80 and kept moving higher with the Gold rally. Silver reached a high this morning of $32.48 In European trading before seeing some short-term profit-taking. With Gold over $2,900, Silver represents an excellent value at current levels, especially with lower premiums on many of the popular Silver investment coins.
After almost two years of low price appreciation, the rare coin market is starting to show some excellent price increases. U.S. rare Gold/Silver coins can be defined as any coin with a premium over 20% more than the precious metal value. The market is vast, but a section of the market that has the best potential is the rarities. These are PCGS/NGC certified Gold/Silver coins with high grade (MS65 or higher) and low grading service populations. Current values on many of these are at the same price levels as two years ago, when Gold was $1,900 and Silver was $23 per ounce. With Gold and Silver at their current levels, buyers are coming back. Recent auction prices in January showed the market is staring to rally.
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
-
Gold & Silver Finding Support on Positive Iranian War News ByApril 24 2026
-
Why Chinese Silver Imports Hit A Record In 2026 ByApril 24 2026
-
-
-
Gold & Silver Sell-Off on Negative Iranian War News ByApril 23 2026