Gold and Silver Reach Lowest Levels of the Year

In overnight trading, both gold and silver prices took yet another dip, reaching their lowest levels since December. In fact, since last July, gold has yet to trade below today’s level around $1,250 per ounce for longer than one week. The longest it dipped below this level was for a few days in December. And as we’ve mentioned before, the summer months are the ideal time to buy gold. You can see a historical chart below that tracks average gold price change since 1975. Right now, we’re positioned at the prime entry point for investors—before prices jump again in the fall.

Silver has also taken a significant dip, dropping below $16 per ounce for the first time since December. Our research also indicates that now is also an excellent entry point for silver—as a matter of fact, seasonal trends are typically stronger for silver, as you’ll notice in the following chart.

But that’s not the only thing affecting gold and silver prices currently… In recent weeks, a stronger U.S. dollar has been pushing gold and silver off their higher levels from the start of the year. While the dollar is expected to grow in the near future, many experts don’t expect this strength to last long—and when the dollar drops again, expect gold and silver to benefit.

The real driver of gold and silver’s boost, however, will be a significant hit to the stock market. Despite the Dow Jones’ almost 2.5% drop so far this year, stock markets have yet to give precious metals any noticeable safe haven boost. So far this year, the stock market has outperformed gold and silver, and it is believed that the metals need a substantial downward move in the stock market to trigger a bull market.

Until this happens, gold and silver remain an excellent buy. With the metals trading at 6-month lows, we cannot stress enough the opportunity this presents for investors. If you’re looking to add gold and silver to your portfolio, now is the time to act. 

We recently came across a limited supply of junk silver half dollars at ultra-low premiums. Usually half dollars are priced much higher than current levels, so if you want to round out your investment and add half dollars to your allocation of 90% silver dimes and quarters—or even if you’re just now considering junk silver for the first time—this is the time to do so while premiums are so heavily discounted. For a limited time, ASI is selling bags of Walking Liberty, Franklin, and Kennedy half dollars (our choice of design) for as low as Spot + 99¢ per ounce*.

For those looking to purchase gold while it is so heavily discounted, we also have highly popular MS64 Saint-Gaudens Double Eagles for just $1,399 per coin*. To add either of these attractively-priced gold and silver products to your portfolio, please call us at 800-831-0007 or email us.

*Prices subject to change based on market fluctuation and product availability. Prices reflected are for cash, check, or bank wire. Free shipping, handling, and insurance are available for junk silver $1,000 Face Value purchases or more and MS64 Saint-Gaudens Double Eagle purchases of three (3) coins or more. Half dollar type selection is random and based on availability. Offer expires Friday, June 29, 2018, or while supplies last.