GOLD OVER $5,000, SILVER OVER $100 – REVISED PREDICTIONS
| 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: |
It’s been nearly four weeks since the start of 2026, and Gold has already increased by $764 (17.5%) per ounce. Gold has been on an extraordinary rally, as I have never seen before in my 50+ years as a Gold professional. What fueled last week’s precious metals rally were Trump’s attacks on Greenland and the threat of new European tariffs early in the week. Later in the week, it was Trump’s insults toward NATO and a U.S. naval armada moving toward Iran.
Based on concerns about what President Trump is doing and what he may do next, many of the world’s largest central banks and financial institutions are moving away from the U.S. Dollar and U.S. Treasuries while increasing Gold purchases. This is putting the U.S. on the road to losing its Reserve Currency status worldwide. The U.S. Dollar is at its lowest level in four months (97.43) and moving lower, while Gold reached an all-time high last Friday of $4,988 per ounce.
I need to revise my January 5th year-end prediction that Gold would reach $5,000 by June 2026. I never could have anticipated the actions of President Trump. However, given the possibility of a NATO breakup, a war with Iran, and other future disasters, I believe I’m being conservative with a prediction of $6,000 per ounce by July 2026. If the U.S. Dollar drops below 90, an eight-year low, $7,000 is highly likely. Some Gold price correction will occur, but it should be short-lived and present a buying opportunity.
Highly informative article (link above). I strongly recommend reading it.
Can the Government Confiscate Your Gold? By Jim Brown
Key U.S. Economic data to watch this week:
The week of January 26th to January 30th 2026
- Monday, Jan. 26th: Durable Goods
- Tuesday, Jan. 27th: Jan. Consumer Confidence
- Thursday, Jan. 29th: Jan. Initial Jobless Claims, U.S. Trade Deficit
- Friday, Jan. 30th: Producer Price Index (PPI)
Today: The Gold price soared in overseas trading last night, reaching $5,111 per ounce during Indian trading. Demand for physical and futures Gold contracts was very strong in China, India, and England as the U.S. Dollar dropped below 97. A number of nations are selling U.S. Treasury Bills, causing the value of the U.S. currency to fall. It’s becoming clear that we are seeing the start of a global de-dollarization in international trading and central bank holdings.
Since the beginning of 2026, Silver has moved from $70 per ounce to $115.71 this morning during U.S. trading, an increase of $45 (62%). Incredible. My January 5th prediction of $85 by June definitely underestimated the power of this rally. Due to Silver’s high volatility, I am unable to make another prediction at this time. Silver’s momentum could drive the price to $125, or we could see $75 on heavy profit-taking within the next few weeks. I’m overly concerned about a substantial price correction.
Silver has a 46-year history of sizeable rallies followed by dramatic corrections. Therefore, I’m recommending that my clients take some profits in Silver and roll that money into Gold.
Today: Silver led Gold higher in overseas trading last night, reaching a high of $115.71 per ounce during U.S. trading. Watching the high volume and continued demand with Silver over $100 per ounce is truly amazing and makes me ask, WHAT IS HAPPENING?
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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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