SILVER TAKES THE LEAD IN PRECIOUS METAL TRADING UP 13% IN JUST ONE WEEK AND OVER 100% FOR 2025
| Stuppler & Company is proud to provide our clients this Weekly Market Report (WMR). The report gives you my overview of the prior week’s precious metal and rare coin market activity and news. In each WMR, I share the current status of Gold and Silver along with their support and resistance levels. |
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This Week's Headlines: |
Gold traded last week between $4,036 to $4,224 per ounce, closing on the high of $4,224, up $144 for the week. Since reaching a new all-time high of $4,380 on October 20th, Gold has successfully won the Bull/Bear war to stay above the important key $4,000 per ounce support level.
Based on last week’s strong Gold and Silver rallies and the strong possibility of an interest rate drop announcement at the December 9–10th Federal Reserve meeting. I’m looking for Gold to reach a new all-time high by year-end.
As of the end of November 2025, the World’s leading Central banks already hold more Gold than U.S. Treasuries for the first time in decades. That de-dollarization trend is unlikely to reverse as China rolls out Yuan and Gold linked Panda bonds while India normalizes Silver as money. Together, they are laying the trail for Gold and Silver to be a better alternative to holding dollars.
On Nov. 19th 2025, Senator Mike Lee introduced S.3218. This legislation, called the Gold Reserve Transparency Act, would require a full assay, inventory, and audit of all United States Gold holdings. The bill would require an upgrade of the purity of all Gold to meet the global market standard and conduct subsequent audits every 5 years. If this passes in Congress, it could only be a plus for the Gold price.
Key U.S. Economic data to watch this week:
The week of December 1st to 5th 2025
- Monday, Dec. 1: Nov. ISM Manufacturing
- Tuesday, Dec. 2: Nov. Auto Sales
- Wednesday, Dec. 3: Nov. ADP Employment
- Thursday, Dec. 4: Nov. Initial jobless Claims, Oct. U.S. trade deficit
Today: Gold started trading in Hong Kong last night at $4,241 per ounce, up $20 on excellent volume. As Gold trading moved to India, we saw selling, and the price dropped $10 per ounce, but recovered in London. Gold traded today between $4,206 to $4,265 per ounce. Gold is moving higher, and any consolidation above $4,200 would be highly bullish.
Last week, Silver was the precious metal leader, moving from $49.93 to $56.44, an unbelievable 13% increase in just one week. $56.44 is a 95% increase this year and a new All-Time high for the Silver price, and the largest increase since 1979. Most of that increase was buying from Indian investors. In 2025, India’s Silver imports have already surged sixfold to $2.72 billion.
Plus, beginning April 1, 2026, Indian banks will be authorized to accept Silver as loan collateral. It’s the first modern recognition of Silver as a monetary asset since the metal was gradually sidelined for a century to Gold. Under the bank’s plan, citizens can pledge up to 10 kilograms of Silver jewelry or coins as collateral for personal or business loans, with banks able to lend up to 85 percent of the value.
India’s first official goal is to unlock the vast trove of “dead capital” stored in household Silver. With an estimated 10,000–15,000 tons sitting in homes and temples, the untapped value runs into hundreds of billions of rupees.
India already drives 25–30 percent of global Silver demand, consuming roughly 3,500–4,000 tons annually. For years, China has been recognized as the world’s largest importer and producer of Gold. Now, India wants to take the world’s largest holder of Silver title.
India’s aggressive new policy on Silver fits neatly into China’s emerging “Golden highway” of vaults, and Gold backed finance across Shanghai, Beijing, Hong Kong, Dubai, and Singapore. By turning household Silver into bankable collateral, India is giving emerging markets a second hard asset—alongside China’s Gold network—to escape a weaponized U.S. dollar now tethered to over $38 trillion in debt and sanctions risk.
The Silver-to-Gold ratio has dropped to an unbelievable 74.74-to-1. This is the lowest the Silver-to-Gold ratio has been this year.
Today: During overseas trading last night, Silver kept on moving up, reaching a high of $57.90 in China. Then, trading moved to Mumbai, India, and Silver stayed above the $57 per ounce level. The strength today for Silver came in New York, where Silver surged higher, moving over $58 and reaching a high of $58.87 per ounce. Silver has now gone over a 100% increase for 2025.
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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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