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 143

Site icon for Guardian Gold     Issue 143 – The Week of November 11, 2024

Key Resistance and Supports this Week

Gold

SupportResistance
2640.002703.00
2610.002735.00
2560.002765.00
2530.002800.00

Silver

SupportResistance
30.6031.75
30.0032.40
29.4533.15
29.0033.90

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Reports of Note Due This Week

Monday is Remembrance Day in Canada and Veterans Day in the United States. Consumers Price Index (CPI), Producer Price Index (PPI) and retail sales out this week.

  • Monday, Nov 11 – Remembrance day and Veterans Day in the United States
  • Tuesday Nov 12 – 6:00 A.M. NFIB small business optimism index.
  • Wednesday Nov 13 – At 8:30 A.M.      sees the release of Consumer Price Index (CPI Oct) and core CPI.
  • Thursday Nov 14 – We start the day at 8:30 A.M. with the Weekly Initial Jobless Claims expected to be up to 225,000 versus last weeks 221,000. Also, at 8:30 A.M. is the Producer Price Index (PPI Oct).
  • Friday Nov 15 – At 8:30 A.M. has the release of the Import Price Index, the Empire State manufacturing survey and U.S. Retail Sales. Then at 9:15 A.M. we see Industrial Production and Capacity Utilization followed at 10:00 A.M. by business inventories.

Geopolitics

In the 2024 U.S. presidential election held on November 5, former President Donald Trump secured a return to the White House, defeating Vice President Kamala Harris. Trump amassed 295 electoral votes, surpassing the 270 required for victory, while Harris obtained 226 electoral votes. Key battleground states such as Georgia, Pennsylvania, Michigan, and Wisconsin, which had previously leaned Democratic, shifted in favor of Trump, contributing significantly to his win. This election marked a historic political comeback for Trump, making him the first former president in modern history to reclaim the presidency after a defeat. The results also indicated a broader Republican resurgence, with the party making gains in both the Senate and House races. 

Ukraine launched its largest drone attack on Moscow since the 2022 escalation of their conflict, causing injuries and significant disruptions at major airports. This attack coincides with Russia’s own heavy drone assaults against Ukraine, highlighted by 145 drone launches in a single night, according to Ukrainian President Volodymyr Zelenskyy. Amidst these military escalations, political dynamics are shifting, particularly with U.S. President-elect Donald Trump’s election victory. Trump has hinted at a different approach towards Ukraine, potentially altering U.S. aid strategies and expressing a readiness to negotiate an end to the conflict, signaling a significant potential shift in international responses to the war.

Germany is facing political instability as Chancellor Olaf Scholz now heads a minority government following the collapse of his coalition. This happened after Scholz fired the Finance Minister, causing other ministers to resign. Scholz plans to hold a confidence vote in January, which could lead to early elections. The disagreement was mainly over financial policies concerning taxes and spending. The situation complicates passing laws and managing the economy, especially with current global economic and political challenges.

Israel officially ended its agreement with UNRWA, the UN relief agency for Palestinian refugees, established since 1967. This decision follows Israeli allegations of Hamas infiltrating UNRWA, particularly during the conflict that began last October. Israel’s parliament has already passed a law stopping all official cooperation with UNRWA within Israel, although this does not apply directly to operations in the West Bank and Gaza. The Israeli government plans to promote alternative organizations to carry out the work previously managed by UNRWA, citing security concerns. This has raised significant concerns internationally about the worsening humanitarian situation in Gaza.

The Call

With the U.S. election behind us, we are seeing a “buy the rumour sell the news” event. We expect a new range to emerge this week with gold making lower lows in the 2550.00 to 2600.00 area.  On the upside, resistance will be in the 2700.00 to 2750.00 zone. The U.S. Dollar made significant gains last week and this provides headwinds for gold. We look for gold to finish the week lower but by how much is the $64,000 question.

Last Week in Review

Gold opened on Sunday evening at 2736.50 and traded sideways awaiting the results of the U.S. election on Tuesday evening. If my memory serves me, gold rallied in the early evening on election night in 2016 and as it appeared that Trump was going to possibly win, gold reversed direction. I believe it dropped down more than 50.00 by the next morning and continued down for several weeks. Seems history has repeated itself. Gold made its weekly high Tuesday evening at 2752.50 and by 9:00 A.M. the next morning was down to just over 2650.00 spot. A minor blip up and then a reversal to make the weekly low of 2643.20. A small bounce before the FOMC lowered interest rates a quarter point was not enough to send gold higher and gold drifted lower to settle at 2684.80 Friday afternoon. A volatile week as expected.

Silver opened Sunday night at 32.50 and followed golds pattern making the weekly high on election night at 32.985 before moving lower. Silver hit its weekly low on Wednesday at 30.87. Silver rallied like gold and settled Friday afternoon at 31.35.

  • The U.S. Dollar Index was stronger after Trump won the election this week and finished at 105.00.
  • The Gold/Silver Ratio was weaker at 85.8 ounces of silver for 1 ounce of gold.

Last Week’s Price Ranges

MarketGoldSilver
Open2736.5032.50
High2752.5032.98
Low2643.2030.87
Close2684.8031.35

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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