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 149

Site icon for Guardian Gold     Issue 149 – The Week of December 30, 2024

Key Resistance and Supports this Week

Gold

SupportResistance
2600.002650.00
2575.002680.00
2545.002710.00
2510.002750.00

Silver

SupportResistance
29.6030.43
28.8331.05
28.0531.60
27.5033.00

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Reports of Note Due This Week

This week’s key economic news will include pending home sales, home price index, manufacturing PMI’s as well as New Years Day Holiday on Wednesday.

  • Monday, Dec 30 – 9:45 A.M. Chicago Business Barometer (PMI) and at 10:00 A.M. pending home sales.
  • Tuesday Dec 31 – 9:00 A.M. S&P Case-Shiller home price index..
  • Wednesday Jan 1 – New Year’s Holiday
  • Thursday Jan 2 – 8:30 A.M. the Weekly Initial Jobless Claims expected at 225.000 versus last weeks 219,000 and then at 10:00 A.M. construction spending.
  • Friday Jan 3 –10:00 A.M. ISM manufacturing.

Geopolitics

President Ilham Aliyev of Azerbaijan has accused Russia of unintentionally shooting down an Azerbaijani airliner, urging Moscow to apologize, admit guilt, and compensate the victims. The crash, which occurred in Kazakhstan, resulted in the deaths of 38 of the 67 people onboard. Aliyev criticized Russia’s initial silence and misleading explanations post-incident. This incident has strained relations, although Russia’s President Vladimir Putin has apologized, describing the event as a “tragic incident” but not fully accepting responsibility.

In South Korea, a catastrophic plane crash at Muan International Airport resulted in 179 deaths with only two survivors. Jeju Air Flight 2216, en route from Bangkok, faced complications during an emergency landing due to a reported bird strike. Investigations are probing whether the bird strike was linked to the crash and why the plane’s landing gear failed to deploy. Family members of the victims are seeking answers and have gathered at the airport, where demands for a formal apology, compensation, and the handling of the victims’ remains are being made.

Israel’s Defense Minister, Israel Katz, confirmed that Israel was responsible for the assassination of Hamas’ top leader, Ismail Haniyeh, who died in an explosion in Iran last July. Katz’s statement also included targeted comments towards the Houthi leadership in Yemen, indicating similar actions could be taken against them as part of Israel’s broader strategy against Iranian-aligned forces in the region. The Houthis have been launching attacks on Israel, including a recent missile that wounded several in Tel Aviv. In response, Israel has conducted multiple airstrikes in Yemen and plans to intensify these efforts to halt further attacks.

The Call

We expect gold to see a relatively quiet beginning this week awaiting the New Years holiday. Thursday will start the return to business as usual and volatility will pick up. Early range on gold looks like 2570.00 to 2650.00. A break above 2650.00 and gold will rally to test 2750.00. A break below 2570.00 and gold will test 2550.00. We are still bullish with the target on gold around 3000.00 next year.

Last Week in Review

Gold opened on Sunday evening at 2620.00 and chopped side ways in a narrow range all through the holiday week.  The narrow range was between the weekly low on the 23rd of 2604.10 and the high on the 26th at 2636.60. The spot gold price settled Friday afternoon at 2617.30

  • The U.S. Dollar Index was a little stronger this week and finished at 108.00.
  • The Gold/Silver Ratio was a little weaker this week at 89.3 ounces of silver for 1 ounce of gold.

Last Week’s Price Ranges

MarketGoldSilver
Open2620.0029.74
High2636.6030.16
Low2604.1029.57
Close2617.3029.66

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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