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

Silver got a little boost last night due to a slight pull back in the Dollar. However, this $2 Up today and Down $2 tomorrow has been going on since May 15th. Silver has gone no where but sideways. It's been trading in a $4 range in the mid $70's for 3 weeks.

The Silver Bull's need to put in a big solid Green candle on the daily chart today, followed by a higher big Green solid candle tomorrow.

It's critical that they bring Silver up closer to $80 and put some distance between Silver and the $72 zone.

Silver's has been knocking on that floor a couple times now, and when it comes to support and resistance levels it is know that if you knock enough times the door eventually opens. Work's both ways, Up and Down...

There's also some economic Data coming out today at 10 am and at the end of the week. Let's see what happens.

That's pretty much it, wrapped up in a nutshell. Except that it doesn't necessarily have to be "heavy" news, it could be anything, look at what yields are doing to Gold for example.

But with that being said, the fact that we've been buying and selling Silver above $70 for 6 months now means there's tons of "overhead supply".... So...

Though brief dips to the upper $60's will get bought by many eager buyer's, myself included.

A full on Rug Pull where for example Silver actually touches $60 IMHO will trigger panic selling. Think of it as a building collapse.

At that point the dip is no longer a dip...
Too many will want to get out.
Predictions, beliefs, hopes and prayers, for higher Silver all go out the window.
Mr Market won't care...

So... The Bull's need to bounce this higher, the sooner the better..

And it even could just simply be just a matter of time.

This is, after all, the longest stretch of time we've seen so far where Silver has remained "range bound", stuck, in the mid $70's. I don't expect that's permanent.

Today the market did the same thing for the 3rd day. A different variety of Doji but still a Doji, this one looks like an upside down T instead of a cross. Meaning that Buyer's took it up overnight and early morning, then Seller's pushed it back down later. At the end of the day Silver went NoWhere... Again..

Eventually the rope Will snap in this tug of war and we'll get a big move.

I guess the two decades beginning in 1984 don't count?

At my age, 2004 seems recent, LOL.

The saddest part is that we had more than 20 years to buy silver for less than $10, premium included. I bought some, but holy moly, I could've bought sooo much more. It just seemed boring with no real movement.

I also note as I have previously, that after each of the two big previous peaks (1980 and 2011) spot took years to settle down a long downward slide.
I ain't saying we're on that road from this peak, things are different now. But, I wouldn't rule out a few years.

I'll say this again, let me remind everyone to Please keep things in proper context...

Vector Ze perhaps you should take a little time to read what I write more carefully... Not snip part of my sentence while leaving of the important part.

Below is what I actually wrote.


Vector Ze Perhaps you could explain to the class when exactly since 1984 did silver remain range bound in the $70's