OBITCO

Gold and silver faced consistent pressure all week, with gold settling near $4,482/oz after a sustained wave of selling that erased much of the typical geopolitical “war premium.” The primary driver was a shift in market expectations toward prolonged higher interest rates, as rising energy prices tied to the Iran situation reignited inflation concerns. This pushed U.S. yields and the dollar higher, creating a difficult environment for non-yielding assets like precious metals.

As the week unfolded, selling intensified as markets moved toward liquidity, with gold acting as a primary source of cash in margin-driven deleveraging. Technical indicators also weakened significantly, with gold breaking key support levels and momentum turning decisively bearish. By the end of the week, analysts were calling it one of the most significant weekly declines in decades. Silver followed the move lower with even greater volatility, amplified by its sensitivity to dollar strength.

Looking ahead, gold may find support if energy prices ease and the dollar and yields pull back. However, continued inflation pressure and a firm stance from central banks could keep downward pressure in place.

Whatever the market brings next, OBITCO is your trusted source whether you’re buying the dip or taking advantage of current prices. With our low 6% brokerage fee, we make sure you get the most value for every dollar!

📈 Precious metals are on the move. Silver and gold continue climbing, but behind the scenes refiners are tightening up on conversions.

Right now, some silver conversions are running up to six weeks without price locks. That creates real risk for Local Coin Shops like us. What gets purchased today and sent out tomorrow could result in a big gain… or a serious loss by the time it comes back.

As a small, family-run shop, we have to balance serving our customers with protecting the business that serves this community. Many LCS locations across the country have paused buying silver and gold altogether, while others are limiting how much they take in.

👉 We are still buying.
Gold and silver including .999, .925, .90, and .40 are welcome in our store. Our pricing reflects current market conditions and the risks involved, and we will continue to post clear buy and sell prices in-store for anyone looking to trade or add to their stack.

Stop by, ask questions, and talk metals with us. You might be surprised what we can do for you.

With silver prices STILL climbing, we get asked every day what we are paying for silver and why 40% and 90% coinage looks different right now.

Here’s the honest truth.

Refineries across the country are backed up on pure silver and many are temporarily restricting shipments of 40% and 90% U.S. coinage. What does that mean for a local shop like OBITCO?

It means our ability to move that silver quickly is limited. When we cannot refine it, we have to hold it. Holding inventory costs real money, from security and insurance to capital tied up and daily operating expenses.

So yes, we are still buying. But the pricing has to reflect today’s refining realities while keeping our doors open for the community.

As Rick Harrison famously said, “It’s a business.”

We appreciate every customer who trusts OBITCO for honest conversations, fair evaluations, and straight answers, even when the market is wild.

If you ever have questions about what we are buying, current pricing, or what makes the most sense to sell right now, just stop in and talk to us. That is what we are here for.