Jan. 19/26 Update to Silver Purchases

Guardian Gold is currently able to purchase ONLY SELECT silver.

For More Details Click Here
Site icon for Guardian Gold

We are Buying ONLY SELECT Silver Until Further Notice

January 19, 2026

As of today we are now purchasing:

  • All silver bullion from LBMA certified makers.
  • 50 Ounce and smaller bullion from non-LBMA makers.

Our silver refining partners in Canada have temporarily frozen their payment mechanisms. This is a global issue in response to current market stressors. Elevated lease rates on silver have now made it impossible for Guardian to settle transactions under normal terms.

At this time we cannot purchase these silver products:

  • Jewellery
  • Silver flatware, tableware, and collectible items
  • Any Coinage
  • Non-LBMA certified makers bullion larger than 50 oz

These are temporary measures. Unfortunately, we cannot predict when circumstances will change, however, we will review this policy as conditions stabilize. We appreciate your understanding and patience during this time.

The Guardian Gold Team

By /
Stylized representation of the movement of the price of gold.

Guardian Weekly Market Report – Issue 144

Site icon for Guardian Gold     Issue 144 – The Week of Nov 18, 2024

Key Resistance and Supports this Week

Gold

SupportResistance
2525.002615.00
2490.002646.00
2448.002686.00
2400.002726.00

Silver

SupportResistance
29.7230.65
29.1531.15
28.7031.80
28.0032.45

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Reports of Note Due This Week

This week’s economic calendar is the light side. On Tuesday we see housing starts and building permits. Thursday brings the Philadelphia Fed manufacturing survey, existing home sales and leading economic indicators. Friday sees S&P flash U.S. services PMI and manufacturing PMI followed by consumer sentiment.

  • Monday, Nov 18 – 10:00 A.M. Home builder confidence index.
  • Tuesday Nov 19 – 8:30 A.M. Housing starts and building permits.
  • Wednesday Nov 20 – none scheduled.
  • Thursday Nov 21 – We start the day at 8:30 A.M. with the Weekly Initial Jobless Claims expected to be up to 220,000 versus last weeks 217,000. Also, at 8:30 A.M we see the Philadelphia Fed manufacturing survey. 10:00 A.M. brings us the leading economic index for October.
  • Friday Nov 22 – At 9:45 A.M. has the release of the S&P flash U.S. services PMI and manufacturing PMI for Nov. 10:00 A.M. sees consumer sentiment (final).

Geopolitics

Russia is massing a large force in the Kursk region to counter a Ukrainian advance that began with a surprise incursion in August, changing the dynamics of the ongoing war. Recent reports indicate a significant number of North Korean troops are also involved, intensifying the conflict. This escalation follows an intense exchange of drone attacks, with significant civilian casualties reported by Ukraine. The situation has heightened international concern, especially with the political changes in the U.S. and potential shifts in its foreign policy following the election.

The U.S. will continue its current policy on arms transfers to Israel, despite concerns about the humanitarian situation in Gaza. The State Department acknowledged that while Israel has taken some steps to improve access to aid as outlined by U.S. officials, more actions are necessary. The UN warns of a potential famine in northern Gaza due to intense conflict and restricted aid access. This situation has prompted critical comments from international allies like Germany about the adequacy of humanitarian efforts in the region.

In their last meeting before the U.S. administration change, Chinese President Xi Jinping and outgoing President Joe Biden discussed several critical issues, emphasizing cooperation and managing differences. The meeting occurred on the sidelines of the APEC forum in Lima, Peru. Xi expressed a willingness to work with the incoming administration for a stable U.S.-China relationship, despite potential policy shifts under President-elect Donald Trump, who has proposed aggressive trade measures against China. Biden sought China’s cooperation on various challenges, including cyber crime, trade, Taiwan, and geopolitical tensions with Russia.

The Call

Gold went down to around 2550.00 where we had expected it to find some support. We may see a bounce to 2600.00 to 2650.00 and then a reversal to test last weeks low of 2537.20. This low is unlikely to hold in our view. Before all is said and done, gold should retreat a little more and a short term target for a bottom would be in the 2400.00 to 2450.00 range and then a resumption of the bull market taking gold to new highs next year.

Last Week in Review

Gold opened on Sunday evening at 2688.00 near the weekly high of 2689.20 and began sinking immediately and steadily through to Thursday where we hit the weekly low of 2537.40. Bearish was the trend for the week and gold ended where we expected it to trade down to. A small bounce on Friday and gold finished the week at 2563.40.

Silver opened Sunday night at 31.365 and moved a little higher to make the weekly high at 31.615 on Monday morning. From here the descent began and silver moved lower making lower lows and lower highs through to Thursday making the weekly low at 29.70 before a minor recovery to close Friday at 30.285.

  • The U.S. Dollar Index was stronger this week and finished at 106.69.
  • The Gold/Silver Ratio was a little stronger at 84.9 ounces of silver for 1 ounce of gold.

Last Week’s Price Ranges

MarketGoldSilver
Open2688.0031.36
High2689.2031.61
Low2537.4029.70
Close2563.4030.28

The information contained in this report is intended to provide market commentary and not as a recommendation or as a basis for investment decisions. The views expressed herein are the author’s and may differ from the views of others at Guardian International Gold. Guardian International Gold is a trader of Precious metals and this communication is to be considered an invitation to trade. Guardian International Gold makes our best effort to communicate reliable information but no express or implied warranty or representation as to its accuracy, completeness, or correctness may be taken.

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