Gold & Silver Rally On Positive Iran News
| Stuppler & Company is proud to email our clients this Weekly Market Report (WMR) for the 30th year. This report gives you my overview of the prior week’s precious metal and rare coin market activity and news. In each Weekly Market report, I share my opinion of the current status of Gold and Silver along with the news that effects the price change. |
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This Week's Headlines: |
Last week, Gold traded between $4,452 to $4,590 per ounce, breaking below the $4,500 support level for five consecutive days. Over the past five days, Gold tested its key $4,500 per ounce support level and rallied back on excellent trading volume. Gold closed last Friday at $4,510, down $32 for the week.
Over the holiday weekend in overseas trading, Gold moved higher, reaching a high of
$4,580 per ounce. The overseas rally was attributed to the news that the Trump administration and the Iranians were close to a deal to stop the military activity.
I believe that once the Iranian War has come to some type of settlement, the Gold price will get back on the bullish track and set a new high by year-end. Many of the world’s largest financial institutions agree with me because of our massive debt and the global de-dollarization movement.
Let's Recap The Gold Price
Ten years ago, the price of Gold was $1,200 per ounce and has increased by $3,300 or 177% during that period. A year ago, Gold was trading at $3,300 per ounce. By the end of 2025, Gold had reached $4,325 per ounce. On January 29th 2026, the price of Gold reached an all-time high of $5,586 per ounce before seeing a major sell-off. Since reaching that high, Gold dropped to $4,100 on March 23rd, 2026. In April 2026, the Gold price has stayed above the $4,500 support level, testing that support level a number of times but rallying back. At today’s Gold price, Gold is up $1,200 in the past year, or 36%.
Key Economic data to watch this week:
- May 26th, Tuesday: May Consumer Confidence
- May 28th, Thursday: April Home Sales, May Jobless Claims, April Durable Goods
- May 29th, Friday: GDP Revision, April Personal Income and Spending
Today: This morning, the news on an Iranian peace deal or extension kept changing. When it looked like we were going to have a peace deal on Saturday, Gold moved to $4,580 per ounce. On Monday, after a report of no extension of a deal because the U.S. military attacked a missile launcher, Gold dropped back to the $4,500 area.
Last week, Silver traded between $73.90 to $79.10 per ounce, breaking below the key $75 support level four times and rallying back on strong demand. Silver closed on Friday at $75.60 per ounce, down $0.10 for the week.
Let's Recap The Gold Price
Ten years ago, the price of Silver was $16 per ounce and has increased by $60 or 287% during that period. A year ago, Silver was trading at $33.11 per ounce. By the end of 2025, Silver had reached $70 per ounce. On January 29th 2026, the price of Silver reached an all-time high of $121.40 before seeing a major sell-off. Since reaching that high, Silver dropped to $61.05 per ounce on March 23rd, 2026. Since April, 2026, Silver has stayed above the $70 support level, testing that support level a number of times but rallying back. In May of this year, the Silver support level moved to $75 per ounce and has shown excellent demand. At today’s Silver price, Silver is up $43 for the past year, or 134%.
Today: Silver reached a high of $78.60 in early morning overseas trading, then dropped back with Gold on Monday.
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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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