Gold & Silver Fighting To Stay Above Key Support Levels

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	Silver Rises To Near $70
	Silver is up over 2.5% to near $70.00 during the early European trading session on Friday... Haresh Menghani
	Gold Snaps Three-Week Losing Streak Even As Oil Prices Rise Triggering Stagflation Fears
	Early optimism is starting to creep into the gold market, as the precious metal is ending a three-week losing streak after holding critical long-term support... Neils Christensen
	Wells Fargo Sees Gold At $6,300 By End-2026 Despite Recent Slump
	Gold has failed to behave as a safe-haven asset over the past month, with macroeconomic headwinds weighing on sentiment... Invezz
	Turkey Taps its Gold Reserves Sells 58.4 Tons of Gold in 2 Weeks
	Turkey’s central bank is once again tapping into its official gold reserves... Neils Christensen
	The Treasury Just Declared The U.S. Insolvent, The Media Missed It.
	The U.S. government is insolvent... Steve H. Hanke and David M. Walker

Since the start of March (the beginning of the Iran war), the value of Gold has dropped from $5,400 to a low of $4,100 per ounce. It was clear that a major central bank was selling; the only question was who? That question was answered last week. Turkey reported that it sold 58 metric tons of Gold right after the start of the Iranian war. For the details of this sale, see.. Turkey Taps its Gold Reserves Sells 58.4 Tons of Gold in 2 Weeks

Last week, the Treasury Department’s consolidated financial statements for the fiscal year 2025 of the United States were released. That U.S. financial statement shows that the U.S. is insolvent, with Assets worth $6 Trillion and Debt of $136 Trillion. To see the details, please look at: https://www.mintstategold.com/investor-education/cat/news/post/the-treasury-just-declared-the-u-s-insolvent-the-media-missed-it/

Last Monday, during overseas trading, Gold reached a low of $4,100 per ounce (the lowest price since Nov. 2025) before seeing massive purchasing, which took the price up by $300, with extraordinarily high trading volume. Gold spent the rest of the week trading between $4,300 and $4,600 per ounce. Gold ended last week’s trading at $4,492 per ounce, unchanged for the week.

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

• Monday: Fed Chair Jerome Powell to participate in a moderated discussion at Harvard University,
• Tuesday: U.S. JOLTS job openings, U.S. Consumer Confidence
• Wednesday: ADP nonfarm payrolls, U.S. Retail Sales, ISM Manufacturing PMI
• Thursday: U.S. weekly jobless claims
• Friday: U.S. weekly jobless claims

Today: Gold trading last night started in Australia and China and showed weakness, dropping to $4,419 per ounce. Then, as trading moved into India and London, we saw a rally, driving the Gold price up to $4,5,81. By the time Gold was trading in the U.S., the price was around $4,550, after Fed Chair Powell said inflation was moderating.

Last week, Silver had incredibly volatile trading, with a high/low range from $60.89 to $74.80 per ounce. Silver closed the week with Silver trading at $69.60 per ounce, up $2.05 for the week. Silver continued to trade above and below the $70 per ounce level all week.

Today: Silver reached a low of $67,59 before seeing a rally in late trading in India. Silver moved back over $70 in India, London, and the U.S., reaching a high of $71.84 before seeing some little selling.

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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
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