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

I keep seeing YouTuber channels saying silver and gold going down, and there's 10 sellers to one or two buyers? People needed the cash, and I though if there's more sellers, why the silver prices held steady at current level?

Chop, chop, chop. Still in the ~$61 zone.

Being that Silver has held steady and refused to go below $60 in the face of the surging Dollar and rising interest rates. I have to question- if the Dollar does take a rest will Silver surge higher? It sorta feels that way today.

FYI 'Dollar Up' does not equal 'Dollar Good'.
"Surging Dollar" doesn't mean it's stronger and that you can buy more candy with it now. Surging Dollar is a reference to the US Dollar Index. And that is a measure of the strength of the Dollar against a basket of about 7 other currencies. Primarily the Euro, Yen and Pound. Trader's use ticker symbol DXY or on my platform I use $DXY to track this.

So the Dollar is just stronger against all the other junk fiat currencies. But it's still junk, it's just currently better fiat junk than the other fiat junk.

And it's still losing purchasing power every day like an ice cube slowly melting in your hand. Which is part of the reason why we're seeing what we're seeing with Silver and Gold holding steady. It's called The Debasement Trade.

The night crew wanted to test the bottom again. Back in the ~$60 zone.

Yeah, for sure. Red morning across the board on all the major stock market indexes so we'll see a real test and some selling pressure today.

The metals have really been trying to form a base of support during the last few weeks but there are a lot of moving parts to this and the stock market is one of them. Because Silver hasn't disconnected itself from the movement of equities and stocks to me the biggest risk it faces is the stock market going down.

And Right now the only thing holding up the stock market is the AI tech bubble. The biggest bubble in stock market history. To put it into perspective there are 11 sector's in the market, right now 10 of those sectors are down, the only one up is the Technology sector. Also historically the Tech sector comprised about 15-20 percent of the weight of the market, today it's bloated to 40 percent of the total weight.

So 40 percent of the stock market, about 25 Trillion dollars, concentrated in about 7 companies like Facebook, Amazon, Google, Nvidia, Apple, Microsoft, Oracle (weird how it's the same CEO's you always see in DC these days), and it's what's keeping the stock market Up. So if this biggest bubble in history gets popped for whatever reason it will make the financial crisis, Dot Com, real estate bubble, look like kindergarten.

Sell some tech on the highs, buy some of "the rest" on the lows. Not enough of either to "move the needle" and cause a panic.

I am not a Duke, but I know tech is overvalued.