Gold & Silver Holding Above Key Support Levels - CoinStats
| 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: |
As the Iranian war continues:
- Oil and gasoline prices move higher.
- The U.S. dollar moves higher.
- Inflation increases.
- Thousands of innocent civilians are killed across the Middle East.
- U.S. military forces are injured and killed.
- Our Middle East allies are attacked.
- The Strait of Hormuz remains closed to international oil tankers.
- Billions of U.S. dollars are spent on this war.
Since March 1st, the start of the Iranian war, how have the U.S. economy and our financial markets been affected?
The cost of groceries, gasoline, and airfare is rising, while the U.S. stock market has dropped 2,500 points. This is happening despite an increase in U.S. employment. According to the Bureau of Labor Statistics, U.S. nonfarm payrolls increased by 178,000 in March. That was significantly higher than expected.
Surprisingly, the price of Gold has dropped $700 due to the central bank selling. Why have some central banks sold Gold during this time? I believe it is a combination of the need to build up their nations’ militaries and rebuild key infrastructure after the Iranian destruction. However, the lower price of Gold is bringing buyers back. Gold was up $200 last week, even as the U.S. dollar moved higher. Gold closed last week at $4,677, up $201 on excellent trading volume.
Key U.S. Economic data to watch this week:
- April 7, Tuesday: February Durable Goods Orders
- April 8, Wednesday: Fed’s May FOMC Minutes Released
- April 9, Thursday: February Personal Income and Spending, April 4 Initial Jobless Claims, February Wholesale Inventories
- April 10, Friday: March Consumer Price Index (CPI), CPI Year Over Year
Today: Gold tested the important $4,600 support level in China during overseas trading this morning. Gold also tested its $4,700 resistance level during London trading. Gold is seeing fresh safe-haven buying, but is still facing resistance from a strengthening dollar and strong March U.S. jobs data released last week.
Last week, Silver traded between $69.15 and $75.30 per ounce, showing less volatility than in March. Silver closed last week at $73.05 per ounce, up $3.45 for the week. Last week’s trading showed that Silver has established $70 per ounce as an important support level.
Today: When Gold traded near its low last night, Silver dropped to $71.23 per ounce. As Gold rallied, Silver saw fresh buying and increased by $1.50 per ounce. Silver continues to stay above the key $70 per ounce support level.
I am proud to provide the April 2026 version of CoinStats free of charge for our clients. It has been updated with current prices and populations for regular and plus grades. Other features in the April 2026 CoinStats include six different series: $20 Gold Saint-Gaudens, $20 Gold Liberties, $10 Gold Indians, Morgan and Peace Silver Dollars, and the Walking Liberty Half Dollar.
The CoinStats report provides a list of my recommended certified U.S. Gold and Silver coins, which are listed on the Best Value page. These are not modern bullion coins or low-grade circulated coins. These are PCGS-certified MS63 or higher Gold and Silver U.S. rare coins dated prior to 1948, with a proven track record of appreciation and excellent liquidity.
The April 2026 version of CoinStats includes updated populations and prices from PCGS. I have also included information on increases in all PCGS grade populations from issue to issue, along with increases in popular PCGS registries at the bottom of the Best Value page. As we move through 2026, there are many investment-quality rare Gold and Silver coins that are undervalued. We have identified them in red on the final CoinStats page for each type. With precious metals trending higher, there are a number of rare coin opportunities offering great value. I believe 2026 will be an excellent year for high-quality Gold and Silver rare coin collectors and investors.
If you wish to receive a copy of the current CoinStats, simply reply with the series requested in the subject line.
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
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.
Stuppler & Company, Inc. 5855 Topanga Canyon Blvd. Suite 410, Woodland Hills, CA 91367
888-454-0444 - [email protected].












