AGE Gold Commentary

AGE Gold Commentary is our regular report analyzing trends in precious metals and rare coins. We monitor domestic and international markets and extrapolate from our 30 years in metals to place current events into a hard asset perspective. View archives.

7/6/2026: Precious metals rebound from lows

In our last update, I said gold would probably have to fall a little under $4,000, and silver to between $55 and $58, before attracting serious buying activity. This is exactly what has happened in the last two weeks.

After hitting intraday lows of $3,955 and $55.75, respectively, gold and silver are now rising again, a shift suggesting that bottoms were reached. So far gold is up $200 from its June 30 low and silver is up almost $8 from its June 23 low. The question now is, can we trust these rebounds to be the real deal or just bounces?

In this AGE Gold Commentary, recorded on Friday July 3, I’ll cover where this buying support has come from, why it is broad based and therefore potentially enduring, and what external market factors have driven these rebounds. Then I’ll review the big picture, analyzing support levels for gold and silver to see if the current price action lines up with the broader trends over the last two years.

You can also view this video on the AGE YouTube channel, which includes a transcript.

Sincerely,

Dana Samuelson
President