Gold & Silver Test Support And Hold - July CoinStats

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	Why Central Banks Are Pulling Gold From The U.S. And Why It Started In Germany
	A quiet repatriation campaign launched by Germany more than a decade ago has now evolved into a global rethink of who controls sovereign wealth... Jeremy Szafron
	Gold Price Sharply Down As Risk Aversion Recedes
	Gold and silver prices are sharply lower, with gold hitting a four-week low, in early U.S. trading Friday... Jim Wyckoff
	Platinum Jumps To Highest Since 2014 On Mounting Supply Concerns
	Platinum climbed to the highest level since 2014 as supply concerns and a wave of speculative buying led by the US and China jolted the market... Jack Ryan, Elise Harris, and Yihui Xie
	Central Banks Turn To Gold Over The Dollar
	A year must feel like a decade for public investors... Nikhil Sanghani
	Gold Overtakes U.S. Treasuries As The World’s Primary Trust Asset In Cross-Border Settlements
	When Cornelius Vanderbilt and Tom Scott colluded to raise shipping rates for John D Rockefeller of Standard Oil, they aimed to squeeze Standard Oil by eliminating discounted rates and tripling transport costs...Carmine Lombardi

Last week, from Monday to Thursday, Gold traded actively between $3,310 and $3,400 per ounce. Then on Friday, there was a major sell-off, with Gold dropping below the key $3,300 support level to $3,273 by the end of the trading day, down $98 for the week.

The major sell-off that happened on Friday, normally a low trading volume day, was worth mentioning. A number of issues came together last Friday that drove down the Gold/Silver/Platinum price.

1. It appears that Trump has signed a trade deal with China, averting a trade war.
2. Tensions in the Middle-East have significantly de-escalated.
3. Many of the largest stock markets in the world have been moving higher, which provides an alternative to precious metals.
4. The U.S. Personal Consumption Expenditures (PCE) inflation number rose 2.7% in May, an upward surprise.

The PCE news will delay any interest rate cuts by the Federal Reserve.

When Gold opened in trading in Asia over the weekend, it continued the selloff, moving down to $3,246 after briefly breaking below the key $3,250 support level.
At that point, trading volume picked up and strong buying appeared, taking the price back above $3,270.

Key Economic data to watch this week:
The week of June 30th to 4th, 2025
- Tuesday: June ISM Manufacturing, May Constructions spending, June Auto Sales
- Thursday: June Initial jobless claims, June U.S. Employment Report, U.S. Trade Deficit, May Factory Orders

Today: A weaker US Dollar, under 97, helped the Gold price. It opened in the U.S. today higher at $3,388 per ounce. With many equities trading at record highs, it is putting pressure on precious metal investments.

Last week, the Silver price was highly volatile, trading between $35.17 and $36.77 per ounce. On Friday, Silver dropped with the price of Gold and Platinum, falling $0.55 per ounce, closing at $36.03 per ounce, actually up $0.02 for the week. The Silver-to-Gold Ratio moved lower to 91.23-to-1.

Today: I watched Silver trade on Sunday in overseas markets and in U.S. Markets today. Like Gold, Silver sold-off at the start of trading, reaching a low of $35.33 before seeing bargain buying. Silver moved back over $36 quickly.

I’m proud to provide the July 2025 version of CoinStats free of charge for our clients. It has been updated with current prices and populations for regular and plus grades. CoinStats for July 2025 features 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 2025 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. 2025 is looking like it is going to be excellent year for investment quality rare coin owners with high grade Silver and Gold coins. If you wish to receive a copy of the current CoinStats, just reply to this email with the series requested in the subject line.

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