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Is Silver Ready To Hit $50 - 1/29/2026: Will It Hit $130? - Previous Milestones In First Post

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jbuck's Avatar
United States
196572 Posts
 Posted Yesterday   10:20 am  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply
Good morning.

The night crew reversed their trend, put silver in the ~$60 zone.

Now the morning crew wants it in the ~$61 zone.
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Harry213's Avatar
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1358 Posts
 Posted Yesterday   12:06 pm  Show Profile   Bookmark this reply Add Harry213 to your friends list Get a Link to this Reply
Silver is still tied at the hip to the movement of stocks and equities.

We have a Green Day on Wall Street so fortunately Silver has a tail wind and is up to $61 today.

But had we gotten a 3rd Red Day in a row for stocks Silver would be at $58 right now. And that is something I would have put my money on.

Yesterday's low was $58.73 and that's what ya gotta pay close attention to moving forward.

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jbuck's Avatar
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 Posted Yesterday   12:35 pm  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply

Quote:
Yesterday's low was $58.73 and that's what ya gotta pay close attention to moving forward.
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Harry213's Avatar
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 Posted Yesterday   4:50 pm  Show Profile   Bookmark this reply Add Harry213 to your friends list Get a Link to this Reply
So what you want to see for Monday is a continuation of today's price action. Monday seems like a long way from here.

The pitfall for Monday would be that today was nothing more than the metaphorical 'stretching of the rubber band' up to $61 followed by the inevitable 'retraction of the rubber band' back below $60 on Monday.
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jbuck's Avatar
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 Posted Yesterday   4:57 pm  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply
Well, we started the week in ~$61 and we are ending the week in ~$61, but I would not be shocked if we sink a little over the weekend.

I do not know much, but I know we are going to be getting plenty of rain from Isaias this weekend. Maybe that will keep some of the shenanigans offline.

Until Monday.
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