Gold & Silver Consolidating And Building A Firm Base
| 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 moved above the key resistance level of $4,000 on Monday and reached a high of $4,240 by Thursday. We saw some weekend profit-taking on Friday, driving the price close to $4,086 per ounce, up $84 for the week. It’s very important that the price of Gold stays above the key $4,000 support level to remain bullish and allow Gold to set new all-time highs by year-end.
Trading volume and demand has been very strong at all the major and minor commodity exchanges and many retail locations around the world. The World Gold Council continues to report that many central banks are buying Gold at a record pace.
With a number of important U.S. government economic reports coming online this week, we could see increased volatility in the financial markets. With high volatility, the price of Gold could test the important $4,000 level, but I believe it will hold.
Key U.S. Economic data to watch this week:
The week of November 17th to 21st 2025 (Government is back & reports are coming)
- Tuesday, Nov. 18: Import Price Index
- Wednesday, Nov. 19: Housing Starts, U.S. Trade Deficit
- Thursday, Nov. 20: U.S. Employment rate and report Existing Home Sales
- Friday, Nov. 21: Consumer Sentiment
Today: Gold traded today between $4,050 and $4,108 in overseas and U.S. markets.
Gold traders are waiting for economic data that has been backlogged by Federal agencies. There continues to be concern that the Federal Reserve may leave interest rates unchanged next month.
Last Monday, Silver moved from $48.07 to $50.15 per ounce and then the price exploded to an all-time record high of $54.30 by Thursday. The trading volume for Silver in many of the world’s largest commodity exchanges is near a record high. The strongest demand for physical Silver has been from the Hong Kong and London commodity exchanges. In the United States, demand for many of the popular Silver investment coins has remained strong, even after prices moved above $50 per ounce.
Like I have said numerous times, Silver needs to stay above the key $50 per ounce level to remain bullish and move toward $60 per ounce by early 2026. Last Friday, Silver closed at $50.68 per ounce, up $2.46 for the week.
The Silver-to-Gold ratio is currently at 80.78-to-1.
Today: Last night and this morning, Silver stayed above the key $50 per ounce level while trading between $50.25 and $51.35 per ounce.
Since the price of Gold moved over $3,500 per ounce, many popular U.S. Gold coins have lost premium. Certified $20 Gold Saints and Liberties are trading near the Gold value. I believe this is an extraordinary investment opportunity and have done an analysis on rarity, price and PCGS/NGC population differential. This analysis helps identify that MS65 $20 Gold Liberties and MS66 $20 Gold Saint Gaudens are clearly undervalued with the price of Gold over $4,000 per ounce. If you wish to see the hard data, just email me.
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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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