GOLD & SILVER TESTING SUPPORT – JAN. 2025 COINSTATS

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	Silver Retreats From One-Month Top, $31.00 Confluence Hurdle
	Silver attracts some sellers on Friday and for now, seems to have snapped a three-day winning streak to the $31.00 neighborhood... Haresh Menghani
	Gold Could Break $2,800 If Trump Puts His Proposals Into Action After Inauguration
	Stubborn inflation and growing economic uncertainty, as government debt continues to rise, are helping to push gold prices to critical resistance levels above $2,700 an ounce... Neils Christensen
	Silver "Won’t Lose Its Luster Long-Term" Despite Economic Headwinds, BofA Says
	Silver prices could see headwinds in the near term due to broader economic uncertainty... Scott Kanowsky
	Increased Economic Uncertainty Will Drive Gold To $3,000 Interest In Miners To Grow
	Although gold continues to tread water, unable to break above $2,700 an ounce, it will not lack bullish catalysts in 2025... Neils Christensen
	Gold Price Hits Resistance Near $2,700 As U.S. Core CPI Rises 0.2% In December
	Gold prices are once again testing resistance just below $2,700 an ounce as U.S. inflation data supports the Federal Reserve’s easing cycle... Neils Christensen
	Donald Trump’s Presidency Could Light A Speculative Fire Under Gold Pushing The Price To A Fresh All-Time High
	Escalating trade tensions and concerns over the sustainability of the U.S. fiscal balance sheet could help ignite a fire under the price of gold in the coming year... Christiaan Hetzner

Last week, although Gold didn’t start well, it ended the week after reaching a high of $2,723 on Wednesday. $2,725 is the current resistance level. A move above that level could lead Gold to setting an all-time high. Gold closed last Friday at $2,705 per ounce, up $15 for the week on average trading volume. This is the third consecutive week of increases in the face of a strong U.S. Dollar Index and economic reports.

The U.S. market was closed on Monday (Martin Luther King, Jr. Day), this coincided with Trump’s inauguration, and there is a Federal Reserve meeting/announcement coming up on Wednesday Jan. 29th. It could be a very volatile month for precious metals. Last year in late December, there was a strong feeling that the Federal Reserve would reduce interest rates at the January meeting. Since the beginning of January, there have been a series of positive economic indicators released which has changed that feeling to a 70% chance that the Federal Reserve will not lower interest rates this month but later this year.

As we moved towards the end of the month, $2,700 per ounce is the key support level, with $2,725 providing some resistance. It’s important for Gold to stay above the $2,700 level early this coming week to show the strength of Gold demand to move back toward the all-time high of $2,790 per ounce. The key factors Gold must overcome are selling as a result of a higher U.S. Dollar, the Fed not lowering interest rates in January, and the pause in the Middle East war.

Monday Trading: During Monday trading, Gold reached a low of $2,682 in the Middle East commodity exchanges. Then, when it started trading in London, Gold found fresh buying and started moving higher. Gold moved back over $2,700 near the end of the trading session in London, reaching a high of $2,714 before closing at $2,707 per ounce.

For the most of last week, Silver traded between $30 and $31 per ounce, breaking above $31 per ounce a number of times before sellers drove it back. $30 per ounce is an important support level for Silver. If Gold can break above the $2,725 level, we should see Silver break above the $31 per ounce resistance level.

Physical demand for Silver bullion products has been growing in China, the Middle East, and Europe, both on the commodity exchanges and with the public. With Gold at the current price level, Silver appears to be a bargain. Interest in Platinum and Palladium, although trading at attractive prices, is not seeing any sizeable demand.

Monday Trading: Silver followed Gold lower in Middle East trading, breaking below the key $30 per ounce support level. Silver reached a low of $29.90 per ounce before finding fresh buying on European markets. As the trading moved out of Europe, Silver was back up to $30.50 per ounce.

I’m proud to provide the January 2025 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 January 2025 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 January 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 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 and specify the series requested in the subject line.

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