Table of contents
Weekly Price Overview – 7 January 2026
2026 has started just like 2025 ended — with precious metals surging. Silver continues to lead, pushing further into uncharted territory in both NZD and USD. Gold remains strong too, holding above breakout levels and consolidating gains. The NZ dollar saw a slight pullback, once again adding upward pressure to local metal prices.
Note: All prices below are since our last Weekly Wrap on 24th December 2025.
🟡 NZD gold climbed $88.12 (+1.15%) to $7,778.91, rebounding from a brief dip below $7,500 and nearing its late-December high. USD gold edged up $6.34 (+0.14%) to $4,496.99, remaining solidly above $4,400 as it consolidates recent gains.
⚪ NZD silver soared $20.71 (+16.96%) to $142.81, after a sharp but brief dip over the break. The trend remains steep, and dips are getting shallower. USD silver surged $11.26 (+15.80%) to $82.56 — a new record — and is now eyeing the $100 mark.
💱 NZD/USD dropped 58 basis points (-0.99%) to 0.5781, after briefly touching its 200-day MA. This renewed weakness is boosting local metal prices and keeps the Kiwi in its longer-term downtrend.
📈 Takeaway: Silver continues to lead, and dips remain rare and short-lived. Gold is also in strong uptrend mode, confirming its breakout. With the NZD back on the defensive, local buyers continue to benefit from the tailwind of currency depreciation.
2025 in Review: What Gold & Silver’s Big Year Could Mean for 2026
As 2025 draws to a close, what can we learn from the wild year that was for precious metals? This week’s featured article breaks down the key drivers behind gold and silver’s record-smashing performance – and more importantly, what might lie ahead for 2026. Is silver’s revaluation just getting started? Could gold be setting up for a much bigger move?
Read the full 2025 Gold & Silver Review here
Holiday Headlines You May Have Missed
While markets were quieter over the holidays, there were two major geopolitical developments worth watching:
China Restricts Silver Exports
China has introduced new export controls on silver and other strategic metals, citing national security concerns. These controls could tighten global silver supply and support its explosive 2026 rally.
Venezuela: Not Just About Oil
A major surprise came with the U.S. seizure of Venezuelan President Maduro, under the guise of fighting drugs and corruption. But as Alan Hibbard from GoldSilver .com points out in a must-watch video, the real story may be much deeper.
While the media focuses on oil (and some hyped silver talk), Hibbard sees this as a move to regain control of the gold sector — and the U.S. dollar-based system.
Gold is central to this geopolitical play. U.S. sanctions on Venezuela’s gold sector date back to 2018, driven by gold’s role in illicit finance and sanction evasion This is less about silver, and more about the invisible war over global monetary control.
Watch the full breakdown from Alan →
Two Charts That Show Gold Could Have Further to Run Yet
Even after hitting record highs recently, there are signs gold’s move may not be over just yet.
Gold Seasonality
Gold historically performs well from Jan to May — a strong seasonal trend we’re entering now.
Non-Commercial Traders Still Underweight
Despite the recent rally, speculative traders (non-commercials) remain significantly underexposed to gold. That means there’s still plenty of room for further buying pressure to fuel the uptrend.
Source: The Market Ear
These two tailwinds suggest gold may just be getting started in 2026.
Meme of the Week: Blown Away by Bullion
Gold and silver have rocketed into 2026, while short sellers look more like Wile E. Coyote.
With silver smashing all-time highs and gold holding firm near its peaks, anyone caught betting against them might want to double-check their parachutes…
Source: Lobo Tiggre
Ready to Catch the Next Move?
If the explosive start to 2026 has you wondering how to best position yourself in the months ahead, now’s the time to make a plan.
Whether you’re averaging in, buying dips, or just need guidance — we’re here to help.