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

Love the analogy.

Wait for beat to drop, but not the price.

I'm getting Beastie Boyz vibes for Silver's playlist.

Maybe start with "You gotta fight for your right to party"

Oh, okay, I see... Like I said...You're looking in the wrong place... That's a generic ticker symbol that is used by data providers like Google finance.. It's known as a composite or 'synthetic" ticker symbol for charting long-term historical data without the gaps caused by contract expirations. You generally cannot trade it directly on an exchange And it's about -$8 off the mark currently..


Right now the correct, precise, active, high volume, front month contract for Crude Oil, the one that is being traded on the exchange, is showing $98.75 a barrel.

While your source is quoting $90.28 and it doesn't even appear to be a "real time" quote. Meaning that not only are you getting the wrong price but your also getting it late.

Sure no problem, so yeah like google that ticker symbol is sort of for informational purposes only

Instead of that ticker symbol CLW00 look for /CLK26, the CL is light crude, the K is May and the 26 is the year. That K will change to another letter after May so the symbols keeps changing every couple months or so. Silver and Gold futures are similar with Silver still in the May expiration while Gold already trading June contracts..

Well lets see what Silver and Oil are gonna do next...

Not much new to report today except that Silver is still hanging in. And it made it to another Friday above the living room floor, currently at $76.53 roughly.

This week Silver managed to inch it's way up and out of that boxed in range it was chopping around in, between $65-$75, and the move was confirmed when it back tested and bounced back up towards $76... A good sign.

Despite everything that's going on, the market is still bullish on Silver. This is confirmed by the Put/Call ratio in SLV, trader's and investor's are leaning towards the Up side in SLV.

What now? Watch for Headlines to continue to dictate the moves in the markets. Any good news of course would be the spark that's needed to get going higher.

So maybe more of the same sideways chop until then?..

Important to note if you care to look at my daily chart below.. Silver has gained since it bottomed out in the $60's last month, albeit at snail's pace, penny by penny, but still it's poining up and to the right. That's the right direction for the bulls.

Oh well, so much for hoping for Good Ole market lifting news over the weekend to start the week off with a bang.

How will the market react? Will there be a flush or not? If so when? Monday? next week? How steep of a selloff? For how long?

It's bad enough that everything's been propped up by manipulation, headlines and hopium. How much longer does the market continue buying into it?

Silver has been bumping up against the $76-$77 area of resistance lately. But without anything to fuel the momentum it needs to get through the overhead supply (as was expected this weekend) continued rejection will only signal the Bears to pile on and drag Silver lower. Any downturn in the rest of the market will only help to pull it even lower.

Oil- despite a couple of pullbacks it hasn't really broken the uptrend. Sitting at $95 on Friday it's just flat for the week. With the likelihood of resuming higher Monday.

The U.S. dollar however did break it's 2 month uptrend last week with 5 continuous down day's. In fact it broke below support on Wednesday. Something to watch closely. Weaker dollar is a tailwind for Silver and Gold.

But why did the dollar break trend and go lower last week? There are at least 2 reasons that I won't go into because all that matters for Silver and Gold is that the Dollar stays down. So it's important to watch not just Oil but also if the Dollar reverses and starts to climb again into Monday.