Gold & Silver Prices Firming Above Support – July CoinStats

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	Gold prices remain trapped below $4,000 an ounce and have been unable to attract any significant safe-haven demand despite persistent uncertainty in the U.S. housing sector, which threatens to weigh on economic activity through the second half of the year... Neils Christensen
	Silver Slips As Iran Tensions Weigh Despite Softer U.S. Inflation Data
	Silver prices edged lower on Wednesday as escalating geopolitical tensions in the Middle East dampened investor sentiment, offsetting support from a weaker US Dollar following softer-than-expected US inflation data... Rivanshi Rakhrai
	Gold Is Becoming The Reserve Asset Of The New Multipolar World
	Gold’s recent price decline reveals an important paradox: a stronger U.S. dollar can pressure gold prices in the short term while ultimately strengthening gold's long-term investment case, according to Paul Wong, managing partner and market strategist at Sprott Inc... Ernest Hoffman
	Gold And Silver Rally As CPI Cools Fed-Rate Pressure
	Spot gold and silver prices are sharply higher ahead of the North American market open Tuesday, as a softer-than-expected U.S. CPI report reduced Fed-rate pressure and helped metals recover despite another spike in crude oil tied to U.S.-Iran tensions.. Kitco NewsWire
	Bank Of America Cut Its Gold Forecast The Reason Is More Bullish Than It Looks
	Bank of America reduced its 2026 average gold forecast by 14% to $4,360 on July 8, 2026, citing a more hawkish Federal Reserve — but still sees $5,000 per ounce in reach once the tightening cycle ends... Goldsilver

Gold has been trading above and below the key $4,000 per ounce support level since June 22. During this time, Gold has reached a low of $3,940 and a high of $4,201 per ounce. Most of the volatility has been driven by the war in Iran and concerns about the future direction of U.S. interest rates. The World Gold Council (WGC) has reported that central banks are actively buying and selling Gold. The WGC reports that Russia is selling while China is buying.

The Russian economy is suffering because of the costs of the war in Ukraine and the many sanctions imposed by the U.S. and other nations. In 2026, the Central Bank of Russia (CBR) sold around 22 metric tons (700,000 to 900,000 troy ounces) of physical Gold to raise an estimated $4.3 billion.

China is on an aggressive Gold-buying spree in 2026, driven by massive central bank accumulation and strong retail investment. The People's Bank of China (PBoC) extended its official buying streak, adding roughly 15 metric tons in June. Additionally, broader private and institutional over-the-counter (OTC) purchases reached record levels, with May imports totaling 151 metric tons.

The U.S.-Iran war worsened over the weekend, with the U.S. launching its ninth straight night of strikes on Iran. At the same time, Iranian missiles are being launched at American bases in the Middle East. It appears this war will continue for quite a while, and the big question is how precious metal prices will react. I believe Gold will trade between $4,000 and $4,200 per ounce throughout July and begin moving higher in August. Gold closed at $4,019 per ounce on Friday, down $17 since the beginning of July.

Key Economic data to watch this week:

• July 20th, Monday: Federal Reserve Board of Governors Meeting
• July 23rd, Thursday: Weekly Jobless Claims
• July 24th, Friday: June Existing Home Sales

Today: Last night in overseas Gold markets, Gold initially dropped to a low of $3,982 before moving back above $4,000 after the Chinese market opened. Gold remained above the $4,000 per ounce level during trading in China, India, London, and after U.S. markets opened.

Last week, Silver reached a new 2026 low of $54.70 per ounce. The break below $55 per ounce attracted fresh buying on Friday, with Silver closing at $55.90 per ounce. Silver was still down $4 for the week, but premiums on many of the popular Silver investment bullion products have increased.

Today: Last night, Silver traded between $56.50 and $57.50 during overseas trading. If Silver can establish a firm base above $55 this week, I believe it will help stabilize the market as the Iranian war continues.

I’m proud to provide the July 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 on CoinStats for July 2026 are six different series: $20 Gold Saint Gaudens, $20 Gold Liberties, $10 Gold Indians, Morgan & 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 found listed on the Best Value page. These are not the modern issue bullion coins or low-grade circulated coins. These are PCGS certified MS63 or higher Gold & Silver U.S. rare coins, dated prior to 1948, which have a proven track record of appreciation and also offer excellent liquidity.

The July 2026 version of CoinStats has updated populations and prices from PCGS. I have also included information on increases in all PCGS grade populations from issue to issue, plus increases in popular PCGS Registries at the bottom of the Best Value page. As we start 2026, there is many investment quality rare Gold and Silver coins that are undervalued. We have identified them in Red on the CoinStats final page in each type. The precious metals higher there are a number of rare coins great values. 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, just reply in the subject line with the series requested.

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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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