General

*During holiday breaks please note that we do "hold" packages from shipping on certain days for security reasons (packages lingering in sort facilities around holidays pose higher security risks). We believe this grace period is in the customer's best interest, and could potentially impact the 3-day shipping window slightly.

Tuesday, November 21st: Last day of shipping for the week.*

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*During holiday breaks please note that we do "hold" packages from shipping on certain days for security reasons (packages lingering in sort facilities around holidays pose higher security risks). We believe this grace period is in the customer's best interest, and could potentially impact the 3-day shipping window slightly.

Monday, July 3rd: Phone hours are from 8am to 2pm CST. Offices, vaults, and shipping are closed. Online ordering remains open all day.

Tuesday, July 4th: We are CLOSED. Online ordering will remain open.

Wednesday, July 5th: OPEN. Normal business operations resume.

Silver remains a slow moving, frustrating long position for metals bulls who have remained steadfast over the past two years while watching base metals, energy, ags, and virtually all other commodities explode in price over the past 18 months. Since the price peak in August of 2020, Silver is down almost 20% while the DBC commodity tracking ETF is up 170%. Let’s take a look at the tape. Silver has been flirting will long term support at 21.80 (tested 6 times since the breakout in 2020), and falling resistance from the 2011 high (which it has also tested six times). Within this long, two year price consolidation between long term support and long term resistance, action can be further broken down into response and activity around the 200 day moving average, where price found support in the spring and summer of 2021, broke in July and retested (and rejected) three times throughout the winter until finally breaking through in February. Last week’s sell-off pushed price right to the 200 DMA, where it found support and bounced hard.

Price is now forming a bull wedge, and a breakout of the wedge would likely precipitate a run to falling resistance in the $27 zone. With RSI sitting in the 40s, there is some potential energy in the system for a near term move.

Zooming out, silver looks good structurally. Price consolidation at long term support at 21.80 is clearly visible and forming a two-year ascending triangle. Big picture, the measured move on a breakout above $30 would create a price target right at $49 (at or around prior all-time highs). I view $30 as a key level, because it was the prior high in January 2021. A clean break above that level becomes very bullish.

Conversely, a breakdown below support at 21.80 would be bearish and likely precipitate a price waterfall back into the low teens.

CANYON, Texas, June 8, 2021 /PRNewswire/ -- GoldStar Trust Company, one of America's largest custodians of self-directed IRAs specializing in precious metals, announces the addition of Texas Precious Metals Depository ("TPMD") as a secure storage location for customers. In conjunction with GoldStar's custodial services, TPMD will complement the retail services provided by Texas Precious Metals to provide turnkey solutions for precious metals IRA investors.

Per the Internal Revenue Code, retirement investors may incorporate physical bullion and coins meeting specific criteria into their portfolios while retaining the applicable tax benefits of their accounts. Any precious metals held in such accounts must be stored in a depository or other qualified third-party storage facility.

"We are excited to meet the growing needs of GoldStar Trust's precious metal investors by providing them with a secure storage option right here in Texas," said Jeff Kelley, president of GoldStar Trust Company. "Tarek and his team have been great partners for many years, and Texas Precious Metals was the clear choice."

"Having worked with GoldStar Trust for more than a decade, we believe them to be the premier IRA custodian in the United States. We are thrilled for the opportunity to expand our partnership and provide a Texas-based storage option for GoldStar clients," said Tarek Saab, President of Texas Precious Metals and TPMD.

Texas Precious Metals Depository is a private underground bullion depository. The facility is entombed in concrete with multiple layers of protection, bulletproof doors, biometric access, armed security and 24/7/365 interior and exterior surveillance. TPMD is insured by underwriters at Lloyd's of London and monitored by county and city law enforcement.

About GoldStar Trust Company GoldStar Trust began serving customers in 1989 and is the leader in providing specialized services as a self-directed IRA custodian, trustee and escrow/paying agent. With over $2.5 billion in assets, GoldStar Trust is custodian for more than 37,000 self-directed IRAs and offers unique retirement solutions that allow investors across the nation to diversify their IRA portfolios with alternative investments to traditional stocks, bonds and mutual funds. GoldStar Trust is the trust branch of Happy State Bank.

About Texas Precious Metals Depository TPMD has been used as the main storage and logistics center for Texas Precious Metals since 2012, processing nearly $1 billion in precious metals transactions during that time while servicing private, commercial and institutional clients. Texas Precious Metals and TPMD are subsidiaries of Kaspar Companies, a fifth-generation Texas business founded in 1898.

SOURCE GoldStar Trust Company