Silver Leading The Pack Of Precious Metals With New Buyers

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	Army Of Day-Traders Piling Into Silver?
	As prices rally, analysts point to $40 and higher. Silver saw some breakout trading action on Thursday,. . . .Anna Golubova - Kitco News
	Silver Moves Higher Despite Stronger U.S. Dollar
	Silver is trying to settle above the resistance while the U.S. dollar is gaining some ground against a broad basket of currencies. . . . Vladimir Zernov
	China: Key To Global Gold Supply And Demand
	China is both the world’s biggest producer of and biggest consumer of gold. . . . Lawrie Williams
	Bitcoin is ‘Ridiculous’ and Unlike Tangible Gold, ‘It’s Nothing’
	“Cryptocurrencies are nothing,” says Billionaire hedge fund manager Paul Singer . . . .
	Gold Will Glitter in 2021
	2021 will be a bullish year for the yellow metal, although the enormous hike in 2020 (24.6% per ounce in US Dollars and 14.4% in euros), both the biggest since 2010, may not be repeated this year . . . . Stefan Nolte

Last Thursday, Federal Reserve Chairman Powell said that he welcomes any signs of increased inflation and that we are a long way from any economic recovery. Powell said the Fed will continue to be very accommodating, providing massive funding for the financial and real estate markets and by keeping interest rates very low. This is good news for the Gold price and combined with the coming $1.9 trillion COVID-19 stimulus legislation, it should put the price back on the bullish track.

During the last three weeks, Gold continually tested support in the $1,850 area and held, hitting a high last week at $1,876 per ounce. Gold closed last Friday at $1,847 per ounce, down $9 for the week.

This week could be exciting as Silver has assumed the role of a leader in the precious metal category. Normally, precious metal prices move together, but last Friday Silver was up $0.99 (3.8%), while the Gold price only increased $9 (0.48%).

Today: Gold rallied this morning, as Silver led the way. Gold reached a high of $1,871 before seeing selling. The frenzy in the Silver market is indirectly impacting the Gold market without the crazy volatility.

Last week was an extraordinary week for the price of Silver. Silver increased $1.53 per ounce during the last two days of the week, closing at $26.91 on extraordinary trading volume. What happened? An army of day-traders on the Reddit platforms have read and believed the article entitled 'The biggest short squeeze in the world $SLV Silver $25 to 1000$.' That caused the trading volume for Silver to triple on the commodity exchange as the price reached a high of $27.77 before settling back. For more information, read this article Army Of Day-Traders Piling Into Silver?

Today: It’s been a crazy day for the Silver market today, reaching a high of $30.32 per ounce before seeing profit-taking. The demand came from the Reddit investors on the open as trading volume skyrocketed. Silver has spent most of the trading day around $29.30 per ounce as it builds a base for another attempt to break the key resistance level of $30 per ounce. The interesting issue is supplies of the popular Silver investment items. As most major sellers are out of stock, the premiums have soared, with no new products on the horizon, as most world mints have no Silver products available.

On Thursday, February 4, the U.S. Mint will be releasing the newest design for the 2021 1oz Platinum Eagle. This 2021 version celebrates the First Amendment of the Constitution – Freedom of Religion. Considering all the extreme hardships the U.S. Mint has endured during the pandemic, we expect the coin to be offered and given the single coin per-household order limit for the first day.

Given the U.S. Mint delays in shipping the coins, we are not 100% certain at this point if we will be able to offer the coin with a First Day of Issue label. However, with a mintage limit of 15,000 (a very sizeable quantity), we recommend clients not purchase them if offered at some ridiculous premium. If we can get access to the FDOI label at a fair price, we will be happy to offer them to anyone that requests the coin.

If we are able to purchase the coins this Friday, February 5, and the U.S. Mint confirms our allocations, we will be able to offer them for Pre-Sale with our Exclusive Lowest Price Guarantee (details will be explained in our Pre-Order Email) which should be sent out within a week. We will accept Pre-Orders as soon as we’re able to secure the product and offer pricing. Hopefully, the following options will be offered.

1. Ungraded in Original Mint Packaging (w/ a Bonus Silver Eagle included Free)
2. PCGS PR70DCAM First Strike
3. NGC PF70UCAM Early Release
4. Graded 70 in First Day of Issue by either NGC or PCGS.

Just email David ([email protected]) or the Wholesale Trading department ([email protected]) with your request.

Thank you Barry + David StupplerMintStateGold.com by Stuppler and Company[email protected] 1-888-454-0444
	Barry Stuppler Founder + President	David Stuppler Managing Director
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.