Weekly Market Overview for Week of Monday - November 17, 2025

November Volatility, Record Highs, and Resilient Collector Demand


Wyatt McDonald

Nov 25th, 2025 · 3 Minute Read

This week, the rare coin and precious metals markets navigated a landscape marked by sharp price swings, record-setting auction results, and robust collector interest. 

Gold and silver experienced pronounced volatility, driven by shifting expectations for U.S. monetary policy and ongoing inflation concerns. 

Despite a modest weekly pullback, both metals remain near historic highs, with gold closing the week around $4,080 per ounce and silver near $50.8. 

The gold-silver ratio hovered near 80, reflecting silver’s late-week underperformance after earlier strength. 

High-end rare coins maintained strong demand and firm pricing, while broader market adjustments and increased numismatic security concerns shaped the week’s narrative. 

As the market heads into a holiday-shortened stretch, investors and sellers are advised to remain attentive to macroeconomic updates and evolving liquidity conditions.

 

Daily Market Breakdown

 

Monday, November 17 

The week began with gold stabilizing at $4,072 per ounce, a $1 decrease from the previous day but still reflecting a dramatic increase of over $1,460 from last year. 

Gold’s pullback of more than $36 per troy ounce on Monday signaled a consolidation phase, with traders cautious in the face of mixed economic signals and a neutral to slightly bearish technical outlook. 

Silver prices also retreated modestly, yet the metal had broken above $54 earlier in the period, reaching a three-week high and pushing the gold/silver ratio below 80, which reinforced silver’s improving momentum. 

Platinum and palladium saw little movement, underscoring the focus on gold and silver as the primary safe-haven assets this week.

The macroeconomic backdrop was dominated by anticipation of delayed U.S. employment data and FOMC meeting minutes, which kept traders on edge and supported the U.S. dollar, limiting gold’s upside. 

November’s extreme intraday volatility in metals was attributed to economic uncertainty, a weakening dollar, and risk-off sentiment, with trading volumes surging as participants positioned for the next major move.

 

Tuesday, November 18

On Tuesday, November 18, the market saw gold close at $4,036.68 and silver closing at $49.90.

In the rare coin sector, the week featured headline-grabbing auction results, with Stack’s Bowers Galleries’ November Rarities Night Auction achieving $15.2 million in sales. 

The centerpiece was a 1794 Flowing Hair silver dollar selling for $4.5 million, the second-highest price ever for a business strike of this type, reflecting the insatiable demand for trophy coins. 

Other record-setting results included an 1838 Bechtler $5 Gold coin at $576,000 and a 1794 Liberty Cap Cent at $84,000, tying a variety record. 

Despite bullion volatility, rare coin prices at the upper end held firm, driven by scarcity and intense collector interest.

 

Wednesday, November 19 

As the week progressed, gold and silver experienced a midweek rebound. 

On Wednesday, gold closed at $4,077.08 per ounce (up 0.99%) and silver at $50.88 (up 1.93%), with both metals consolidating just below all-time highs set the previous month. 

Safe-haven demand intensified due to global economic and geopolitical uncertainties, and silver, in particular, outperformed with a 74% year-to-date gain, underscoring its dual role as an investment and industrial metal. 

The end of the U.S. penny was also announced, marking a historic shift for the numismatic market. 

 

Thursday, November 20 

Thursday brought renewed momentum, with gold closing at $4,103.92 (up 0.65%) and silver at $51.71 (up 1.61%), buoyed by dovish Fed minutes and persistent inflation concerns. 

Kentucky’s preservation of tax exemptions for bullion and coins helped maintain a favorable collecting environment, while U.S. Mint operational updates and ongoing regulatory focus on transparency and market structure kept the industry attentive to compliance. 

 

Friday, November 21 

By Friday, gold and silver pulled back again, with gold closing near $4,078.46 (down 0.62%) and silver at $50.79 (down 1.82%) after opening at $49.54 per ounce, as rate cut speculation and central bank commentary drove renewed volatility. 

The gold-silver ratio widened to over 81:1, and trading volumes reflected tactical repositioning. 

Despite the week’s declines, year-over-year gains remained remarkable: gold up nearly 51%, silver up over 61%. 

Rare coin prices stayed resilient, especially at the high end, and investor preference continued to favor physical holdings amid ongoing uncertainty. 

 

Saturday and Sunday, November 22–23 

The weekend saw gold and silver maintain historic strength with gold just above $4,060 and silver holding near $50. 

Both metals posted incremental weekend gains after Friday’s correction, reflecting resilience despite broader market swings. 

Auction activity was robust, and collector demand for certified and high-grade rarities remained strong. 

The market remained highly liquid, and price discovery was active as bullion volatility continued to influence numismatic pricing.

By Sunday, gold and silver both remained highly elevated, with gold closing at $4,064.90 and silver at $50. 

Persistent inflation and robust safe-haven demand continued to support the long-term bullish case for rare coins, even as volatility and security concerns prompted calls for tighter storage and documentation among collectors and dealers. 

Regulatory scrutiny increased in response to volatility and a wave of numismatic thefts, underscoring the importance of proper asset insurance and provenance.

Looking ahead, a holiday-shortened week may further thin liquidity and amplify market swings. 

Key U.S. jobs and inflation reports will likely set the tone for both metals and rare coin markets. 

Sellers are advised to approach the market with disciplined timing, thorough documentation, and an awareness of evolving security and compliance risks.

 

Thinking about selling your rare coin collection?

Thinking about selling your rare coin collection

Coinfully specializes in purchasing numismatic treasures and precious metals from collectors nationwide. 

Our expert team provides fair, competitive offers based on current market conditions. 

Whether you have individual rare coins, complete collections, or precious metals, we make the selling process simple and transparent. 

Contact Coinfully today for a confidential consultation and free online coin appraisal.

Wyatt McDonald President & Co-Founder of Coinfully. A student of numismatics and trained in the ANA Seminar in Denver, Wyatt is the face of Coinfully and a true expert. After spending a decade buying coins over the counter at a coin shop, he knew there had to be a better way, for everyone involved.

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