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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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Author Replies: 3,310 / Views: 113,763Next Topic
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jbuck's Avatar
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 Posted Yesterday   5:07 pm  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply
All the afternoon action leaves us firmly in the ~$67 zone today.
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Harry213's Avatar
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 Posted Yesterday   10:04 pm  Show Profile   Bookmark this reply Add Harry213 to your friends list Get a Link to this Reply

Quote:
All the afternoon action leaves us firmly in the ~$67 zone today.

Silver bursted into the $68 zone today, just out of the blue, before settling into $67 zone before the close. For a second there I thought the war had come to an end, but I checked the news and nothing explained the sudden move. But the move broke just above Friday's peak by about 0.30 cents, you have to look closely to call it a higher peak, but we'll see what happens overnight.

Meanwhile Gold has barely moved. And the Dollar is still up.

Gold actually has been drifting slightly lower since Friday.

So Silver is going rogue? Flying solo now?

We're living in strange times.

But don't worry AI will save us, the NASDAQ rallied and hit new highs yesterday, we'll all be rich.. Just like the good old DOT COM days in the early 2000's. And we know how that ended.

Midterm elections are 6 weeks away, less than 29 trading days left. If you think the markets are strange now, wait until you see how bizarre they get between November 5th and January.
Edited by Harry213
Yesterday 10:11 pm
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CoinForMe's Avatar
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 Posted Yesterday   10:23 pm  Show Profile   Bookmark this reply Add CoinForMe to your friends list Get a Link to this Reply
Isn't this silver talk like watching paint dry? Everybody, back to your rooms.
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Harry213's Avatar
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 Posted Yesterday   11:15 pm  Show Profile   Bookmark this reply Add Harry213 to your friends list Get a Link to this Reply

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Isn't this silver talk like watching paint dry? Everybody, back to your rooms.


Sure seems like that today doesn't it.

What a difference from just a few months ago.
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jbuck's Avatar
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195446 Posts
 Posted Today  1H 49M ago  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply
Well, the night crew decided silver needed to be in the ~$65 zone.
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Harry213's Avatar
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 Posted Today  1H 47M ago  Show Profile   Bookmark this reply Add Harry213 to your friends list Get a Link to this Reply
Once again, overnight the Dollar spiked higher, this time though it kinda sorta went parabolic and just entered "July territory".

What is July territory? That's when the Dollar was at 2026 Highs, and Gold and Silver were at 2026 Lows. The Dollar just cracked that Zone last night.

There's always been a correlation between the Dollar and Metal's so when the Dollar is Up and Metal's are also Up you have to ask which of them is Lying
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Harry213's Avatar
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1323 Posts
 Posted Today  1H 35M ago  Show Profile   Bookmark this reply Add Harry213 to your friends list Get a Link to this Reply

Quote:
Well, the night crew decided silver needed to be in the ~$65 zone.

"The night crew" reminds me of when I thought the tooth ferry was the one actually leaving the cash under the pillow at night and not my poor hard working parent's.

No,no but seriously, I hate to break it to you but it's the Dollar and interest rates that decided that Silver needs to be not at $65 but probably at $60-$62 if my math is right.

It's just that Mr. Market or The Dukes you know the Dukes are the 2 old men in that movie Trading Places about trading commodities...

Well the Dukes decided they were going to dump Silver on the general public in the high $60's for as long as possible before letting it go down to the low $60's because the Dukes never lose.
Edited by Harry213
Today 1H 34M ago
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barryg's Avatar
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 Posted Today  1H 32M ago  Show Profile   Bookmark this reply Add barryg to your friends list Get a Link to this Reply

Quote:
the Dukes never lose

Have you ever actually watched the ending of "Trading Places"?
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Harry213's Avatar
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 Posted Today  1H 1M ago  Show Profile   Bookmark this reply Add Harry213 to your friends list Get a Link to this Reply
So yesterday I commented on how Silver unexplainably Just out of the blue surged towards $68 for no reason at all while Gold just sat there not moving and the Dollar was up. So is the Silver market manipulated? And of course I know the answer is Yes. But I decided to ask Gemini AI and see what it said.

Quote:
Yes, the silver market is generally considered easier to manipulate than the gold market primarily because its total market size is much smaller and far less liquid. Consequently, relatively modest amounts of capital—or concentrated positions in paper futures markets—can trigger disproportionately large price swings and volatility in silver compared to gold.

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Harry213's Avatar
United States
1323 Posts
 Posted Today  1H 0M ago  Show Profile   Bookmark this reply Add Harry213 to your friends list Get a Link to this Reply

Quote:
Have you ever actually watched the ending of "Trading Places"?

But of course

Great movie
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