Gold Over $3,675 Per oz & Silver Above $42 Per oz

CLICK HERE FOR NEW Morgan Silver Dollars

CLICK HERE FOR NEW Peace Silver Dollars

CLICK HERE FOR NEW $20 Gold Saint Gaudens

	Silver’s Doubly-Squeezed Industrial And Investment Supply Could Drive Prices Above $100/oz This Cycle
	In a strong bull market for precious metals, and at a time when gold is setting new all-time highs on a near-daily basis, silver still leads the yellow metal in 2025... Ernest Hoffman
	Gold Shoots Into Positive Territory As Headline CPI Rises More Than Expected In August
	The gold market is trading in positive territory above $3,640 per ounce after U.S. inflation pressures rose more than expected last month... Ernest Hoffman
	Disappointing US labor Market Data Continues To Support Higher Gold Prices
	The U.S. labor market can’t find any solid footing and is hit with more bad news as the number of American workers applying for first-time benefits rose more than expected last week... Neils Christensenn
	China’s Central Bank Extends Gold Buying Spree To 10 Months
	The People’s Bank of China increased its gold holdings in August for a 10th month, in a continued push to diversify its reserves away from US dollars... Bloomberg News
	Gold Is The New Treasury?
	Last week, central banks — the people who decide what money is — quietly crossed a line... Marco
	Gold Soars 37% In 2025 Is $4,000 The Next As FED Pivots?
	Gold prices have surged to record highs, reaching $3,674 per ounce, driven by a weakening U.S. economy and dovish Federal Reserve outlook... Skerdian Meta

It’s time to do a recap of the Gold price since the start of 2025. Gold started the year at $2,629, rallied to $3,000 by mid-March, and by late April, Gold had moved to $3,400 per ounce. Gold stayed between $3,200 and $3,450 till the end of August.
In September, Gold started the recent rally and at the close last Friday, Gold closed at $3,643 per ounce, up $1,014 (38.5%) since the beginning of the year.

The primary issues that drove the Gold price up in 2025 was the weaker U.S. Dollar and the dramatic increase in Gold buying by most of the world’s largest central banks. U.S. tariffs, and the world’s geopolitical problems, especially the Russia/Ukraine war is getting worse. Recent U.S. unemployment and inflation numbers continued to support higher Gold price levels during the balance of the year.

What was unique about Gold trading this year was the heavy U.S. selling of bullion and bullion plus coins after Gold moved over $3,000 per ounce in mid-March. Premiums on many of the popular Gold investment coins dropped to a little above the melt values. $20 Gold Liberties and Saint Gaudens in the BU to MS63 grade dropped from 8% over melt to 2% over melt. Popular modern bullion Gold coins,(i.e. U.S. 1oz Gold eagles, buffalos and Canadian Maple leafs) dropped from 5% to 1% over melt on .999 1oz. The U.S. Mint and Royal Canadian Mint sales and production of these coins will be lower in 2025 because of all the Gold coins in the secondary market.

I believe this week will be exciting with the Federal Reserve set to announce a cut in the Fed Funds rate. A cut of 1/4% is expected, but if the cut is 1/2% and they give indications that more cuts are coming in 2025, Gold will have a great day, setting a new all-time high over $3,674 per ounce. Based on the information I’m seeing, I continue to believe Gold will reach $3,800 by October and $4,000 by year end.

I just read a great highly informative article written by Skerdian Meta yesterday.
It’s very timely and I recommend reading it. See "Gold Soars 37% In 2025 Is $4,000 The Next As FED Pivots?" above

Key U.S. Economic data to watch this week:

The week of Sept 15th to Sept 19th 2025

• Tuesday: August U.S. Retail Sales
• Wednesday: August Housing Starts, Federal Reserve Interest-rate decision, Fed Chair Powell Press Conference
• Thursday: Sept 13th Initial Jobless Claims

Today: The Empire State Manufacturing Survey for September reported this morning that the general business conditions index dropped significantly. A weaker U.S. Dollar combined with weak economic news coming from China has helped drive the value of Gold higher. As this news rolled in the price of Gold rallied from $3,625 to $3,680 per ounce, a new All-Time high for Gold.

Last week was another great week for Silver investors, it was the fourth week in a row that Silver increased in price by more than $1.00. Silver started 2025 at $28.94 and Friday it closed at $42.24, up $13.31 per ounce (45.9%) for the year.

Silver has been on an extraordinary bullish run over the past month, up $4.61 per ounce and way above the $40 per ounce I was looking for in September. The article we provided above in this Weekly Market Report, “Silver’s Doubly-Squeezed Industrial And Investment Supply Could Drive Prices Above $100/oz This Cycle”, explains the long-term outlook for Silver. The Silver-to-Gold ratio is moving lower and is now 84.70-to-1.

Today: On the same news that pushed Gold to a new all-time high has helped the price of Silver, up $0.35 per ounce on excellent volume. Excellent demand continues for many of the popular Silver investment coins and bars across the Indian and European markets. Staying over the $42 per ounce level is surprising and confirms this market is moving higher.

During the past month I have heard from a sizeable number of new Gold and Silver small investors. A small investor is anyone under $1,000,000. They pretty much ask the same questions about starting their initial purchase:

1. Should I buy Gold or Silver?
2. What Gold or Silver coins or bars should I buy?
3. What is the right investment for the long term?
4. Can I purchase Gold and Silver with my credit card?
5. Where is the best place to store my Gold and Silver?
6. When I’m ready to sell, how does that happen?

Let me try to provide a brief general answer to these questions.

1. We recommend a 55% Gold, 40% Silver, and 5% Platinum and Palladium.
2. Stay with the most popular coins for the best price and great liquidity (see below).
3. Over the long term, rare coins (rarities) have shown outstanding appreciation.
4. There is a 4% charge on credit card purchases, check or bank wire is better.
5. A safe deposit box at a bank, or a high value safe in your home.
6. Our company offers an aggressive buyback program, but there are many coin dealers in the Accredited Precious Metal Dealer’s Program.

The Different types of Gold and Silver investment Coins

1. Bullion Coins
   The most popular Gold bullion coins are the 1oz U.S. Gold Eagle and Buffalo, the Canadian 1oz Maple Leaf, South African Krugerrand, Australian Kangaroo or Dragon Bars, and Chinese Panda. All of these are brilliant uncirculated, but have no additional numismatic value.The most popular Silver bullion coins are the Silver 1oz U.S. Eagle, Canadian 1oz Maple Leaf, and the 1 oz Silver Buffalo Trade Unit. The value of all of these is based on the current spot price of Silver and is considered a short-term investment (under 5 years).
2. Bullion Plus Coins
   The most popular Gold coins are the pre-1933 U.S. Gold $10 and $20 uncirculated coins, British Gold Sovereigns, French Roosters and Angels, and Swiss Gold Helvetia. These are currently trading at a very low premium and offer some U.S. non-reporting benefits. The value is based on the spot Gold price plus a grade premium. Bullion plus coins trade very actively and offer outstanding liquidity.The most popular Silver bullion plus coins are the U.S. Morgan and Peace Silver Dollar in circulated and uncirculated condition. U.S. 90% Silver half Dollars and quarters, and dimes are also actively traded.
3. Modern Gold and Silver Coins (After 1964)
   The most popular modern Gold coins are the U.S. Proof Eagle and Buffalo. These should be encapsulated by PCGS or NGC and graded Proof-70. The U.S. Mint has produced other Gold, Platinum, and Palladium modern coins in mint state and proof condition over the past 60 years.The most popular modern Silver coins are the U.S. Proof Silver Eagles and the 2024/25 Proof Morgan and Peace Dollars. These should be encapsulated by PCGS or NGC and graded Proof-70. The value of these is collector-based.
4. Classic U.S. Rare coins (before 1964)
   There are a number of series of U.S. rare coins that collectors/investors save and build collections around. The most popular series of U.S. coins are Walking Liberty Half Dollars, Morgan Silver Dollars, Peace Silver Dollars, $10 Gold Indian, $20 Gold Liberties, and $20 Gold Saint Gaudens. Many collectors have their coins graded and authenticated by PCGS and NGC and join their registries, so they can compare and show their collections to hundreds of other collectors.Rare Coin collecting has been around worldwide for thousands of years. Many of these collections are being displayed at museums worldwide, including the Smithsonian National Museum in Washington, D.C.
5. Collector Coins
   Many older Rare Coin collectors started when they were young and saved Lincoln Pennies, Buffalo Nickels, and other U.S. coins they pulled from change.
   This isn’t an investment, but saving history that they can share with family.
6. Rarities
   Serious wealthy, rare coin investors purchase scarce investment-quality coins. These are coins with a value of $25,000 or more certified by PCGS or NGC and, in many cases, are the finest known or tied for finest known. Both PCGS and NGC provide what are called population reports. These reports count all the coins they have graded and authenticated since 1986 and show how scarce they really are. When investors decide to sell, they normally consign them to an auction house and sell for record prices.

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