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

Not to mention filibusters.

Well, I don't want to get overly political here...

So I won't!

Forget about that noise for a moment for now let's look at and focus on the price action in Silver and the markets.

Monday we saw the knee jerk reaction caused by the events that happened over the weekend. I told you about how that's mostly Short covering and reversing positions and then the Market realized it was the same old stuff as before and sold off again. The classic Pop and Fade.

I told you that if and when the market ever does get news that could potentially be actual good News for Silver and stocks that the knee jerk reaction would not be followed by a fade.

There's been more talk today of ending the war and ending tariffs and yada yada yada. Market sees that as good News that might actually be real this time. Wether it happens or not is another story.

So instead of that short covering turning into a fade It's triggering even more Short covering. Other trader's like myself will start to spot this, and other buyer's start to spot this, and see an opportunity to jump in and soon a squeeze starts to happen. So today instead of a fade we're seeing more up.

Could Silver go up for another day? Yes these things could typically last for about 3 days or more. It could turn into a rally. Could someone do something or say something completely crazy tomorrow and bring everything back down? Yes, this is the world we're living in ATM.

Are we still in a bubble? Yes. 40 Trillion debt? Yes. And all the other stuff. So nothing else has changed. We're still in trouble in the grand scheme of things. Let's see how long this little moment lasts.