The Silver Price Reaches A New 13-Year High

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	Trillions In New U.S. Debt Will Push Gold Prices Higher Even Without A Fiscal ‘Crisis’
	Gold prices will benefit from soaring U.S. deficits and mounting fiscal instability, even if no near-term crisis occurs, according to analysts at the World Gold Council (WGC)... Ernest Hoffman
	Gold Rose On Tariffs And Monetary Policy Uncertainty
	Gold rose early Friday as new tariff threats against Canada from U.S. President Donald Trump and speculation about monetary policy increased haven demand for the yellow metal... Dillon Gage
	Global Silver Investment Escalates In 2025
	Heightened geopolitical and economic uncertainties, along with positive price expectations, spurred silver investment in the first half of 2025.,, Silver Institute Press
	China Buys Gold For 8th Straight Month
	The People’s Bank of China (PBOC) increased its gold reserves for the eighth consecutive month, bringing total holdings to 73.7 million troy ounces... Olumide Adesina
	Silver Price Forecast As The U.S. Dollar Index Crashes
	Silver price has been in consolidation mode for over three weeks now as it lacks enough bullish momentum to retest the 13-year high hit earlier in June... Crispus Nyaga

Last week, Trump went tariff crazy and safe-haven buying of Gold drove up the price to $3,370 per ounce. Gold closed the week at $3,357 per ounce, up $23 for the week. But what is really important is that Gold moved above the key $3,350 per ounce resistance level. If Gold can stay above that level the first two trading days of next week, it would mean we are on the way to $3,400 pretty quickly.

A combination of a weaker U.S. Dollar (reaching 96.39), increased demand from central banks (especially China) and investor safe-haven buying in the Middle-East and Asia is resulting in massive amounts of Gold buying on any drop. Plus, increases in U.S. unemployment claims data is providing strong support for the Federal Reserve to lower interest rates.

Key Economic data to watch this week:
The week of July 14th to 18th, 2025
- Tuesday: Consumer price index
- Wednesday:June Producer Price Index (PPI)
- Thursday: June Initial jobless claims update
June U.S. Retail Sales
- Friday: June Housing starts

Today: Gold has traded today between $3,352 and $3,375 per ounce, starting to build a firm base above the $3,350 level. Most of the demand for Gold is coming from Asian markets. Gold remains on its bullish track (up 28% in 2025) to the $4,000 level by year-end.

Last Tuesday, Trump announced a 50% Tariff on Copper, effective August 1, 2025.
“Copper is necessary for Semiconductors, Aircraft, Ships, Ammunition, Data Centers, Lithium-ion Batteries, Radar Systems, Missile Defense Systems, and even Hypersonic Weapons, of which we are building many. Copper is the second most used material by the Department of Defense.”

By the end of last week, the Copper price jumped 10% after Trump’s announcement.
Silver, a byproduct of Copper mining, reached a 13-Year HIGH last week of $39 on heavy demand before seeing some weekend profit taking. Silver has definitely become the leader in the precious metals index. I may have underestimated the strength of the Silver market, and my original estimate of $40 by year-end is definitely low. I now believe, Silver will trade between $38 and $40, building a firm base in July and August, and will break above $40 in September.

Silver closed the week on Friday at $38.67, up $1.87 per ounce (5%) for the week.
The Silver-to-Gold Ratio moved lower to 85.79-to-1.

Today: Silver continued to move higher in Asian and European trading, reaching a high of $39.14 before seeing some light profit-taking. I am seeing sizeable demand for physical Silver coins and bars as well as future contract in Asia and Europe. Right now we are seeing a 34.20% in the Silver price since the start of 2025.

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