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 162

Site icon for Guardian Gold     Issue 162 – The Week of March 31, 2024

Key Resistance and Supports this Week

Gold

SupportResistance
3040.003094.00
3000.003117.00
2968.003162.00
2937.003200.00

Silver

SupportResistance
33.8534.28
33.3835.20
32.9035.60
32.5036.15

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Reports of Note Due This Week

Key takeaways this week will be the Job Openings (JOLTS) on Tuesday and the non-farm payrolls and unemployment rate on Friday. Tariff announcements on April 2nd and 3rd will be the main focus for investors.

  • Monday, Mar 31– 9:45 A.M. Chicago Business Barometer (PMI)
  • Tuesday Apr 1– 9:45 A.M. S&P final S&P flash U.S. manufacturing PMI. 10:00 A.M. Construction spending, ISM manufacturing and Job openings (JOLTS)
  • Wednesday Apr 2 – 8:15 A.M. ADP employment March and 10:00 A.M. Factory orders.
  • Thursday Apr 3 – 8:30 A.M. the Weekly Initial Jobless Claims expected at 226,000 versus last weeks 224,000, U.S. trade deficit, 9:45 S&P final U.S. services PMI and 10:00 A.M. ISM services.
  • Friday Apr4 – 8:30 A.M. U.S. employment report 140,000 median forecast vs last months 151,000 jobs created, U.S. unemployment rate expected at 4.1% (unchanged) and U.S. hourly wages.

Geopolitics

President Donald Trump expressed frustration with Russian President Vladimir Putin, threatening to impose secondary tariffs on buyers of Russian oil if Moscow hinders efforts to resolve the Ukraine conflict. Trump criticized Putin following remarks undermining Ukrainian President Zelenskyy’s leadership. Trump’s potential tariffs could range from 25% to 50% and would apply to any entity involved in purchasing Russian oil, aiming to exert economic pressure. These measures are Trump’s response to the ongoing war in Ukraine and perceived obstruction from Russia.

Hamas has approved a ceasefire proposal mediated by Egypt, which includes forming a community support committee to govern Gaza. This committee, proposed to consist of independent figures, would take full responsibility for the Strip across all areas upon an agreement. Meanwhile, Israel has submitted a counterproposal and intensified military pressure on Hamas. The details of the ceasefire are still under negotiation, with involvement from both Israel and the United States, aiming to facilitate the release of hostages and stabilize the region.

A severe 7.7-magnitude earthquake and aftershocks struck Myanmar, devastating areas near Mandalay and impacting neighboring Thailand. The quake caused extensive casualties and destruction, with the death toll surpassing 1,600. Myanmar’s military has declared a state of emergency in several regions and is coordinating rescue efforts. International aid, including from India and ASEAN, is being mobilized to assist the affected regions. The disaster poses a significant challenge to Myanmar, already strained by civil conflict and humanitarian needs.

The Call

Last week we saw another record all-time high for gold, which hit 3124.40 for the June contract. We expect the price of gold to follow through to the upside with gold testing 3200.00-3250.00 early in the week. What is unknown will be the extent of the Trump tariffs and the end of the week U.S. jobs and unemployment report. We should see a very volatile week with these major economic events taking place with the possibility of an easing in tensions. We see 3000.00 as strong support for gold for the time being. 

Last Week in Review

The June gold contract opened Sunday evening at 3054.70 or 3024.00 spot. From here, gold moved a little lower to make the weekly low at 3036.00 Monday afternoon. From here gold traded sideways until Wednesday evening when gold broke out accelerating higher to make another new all-time high at 3124.40 early Friday morning. For the rest of Friday gold chopped sideways in a 25.00 range and closed at 3118.50.

  • The U.S. Dollar Index was close to unchanged this week and finished at 104.04
  • The Gold/Silver Ratio was stronger this week at 90.5 ounces of silver for 1 ounce of gold.

Last Week’s Price Ranges

MarketGoldSilver
Open3024.0032.83
High3091.7034.79
Low3003.3032.67
Close3085.8034.12

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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