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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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barryg's Avatar
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Harry213's Avatar
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 Posted 04/15/2026  07:49 am  Show Profile   Bookmark this reply Add Harry213 to your friends list Get a Link to this Reply

Quote:
Gold has Not been able to break above $4800 and hold it. See the red line.

$4800 appears to be a very tough ceiling to break through. Counting the dots you see that Gold bumped up a and got rejected 6 out of the last 9 trading day's.

Not even the news of the cease-fire helped. This appears to be a top for Gold,

Yesterday Gold finally managed to close above $4800 for the first time in weeks and after a half dozen failed attempts. Last night it even made a valiant push to nearly to nearly $4900 before fading. Will $4800 hold today?

Quote:
What does this mean for Silver? Although Silver has been chopping slightly upwards and to the right, (scroll up to see my chart) it's not flat like Gold. Still the upside is capped and $80-$82 range could be the top of the range before it reverses and heads lower again. If it even makes it to $82.

Silver closed above $79 yesterday and late last night it tapped $80 then made a valiant push to high of $81.15 before selling off. So Silver hit it's target right smack in the middle at $81 last night.

Note that yesterday the US Dollar as well as Oil both bottomed out. This was a tailwind for Gold and Silver. However in the overnight / early morning shift, both Oil and Dollar bounced and reversed higher.

What now? It looks like Gold and Silver are positioned to open lower today. This could trigger some volitiliy as the Bulls and Bears battle for control. Will Gold hold $4800? Was yesterday the top in Gold and Silver for right now? Does the market come to it's senses and realize the war isn't over yet? Was this just one final squeeze before going lower? It's going to be an interesting rest of week.
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jbuck's Avatar
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 Posted 04/15/2026  11:51 am  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply
Was back up above $80 earlier and now hugging the $79 line.
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josephrg's Avatar
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 Posted 04/15/2026  6:17 pm  Show Profile   Bookmark this reply Add josephrg to your friends list Get a Link to this Reply
One year ago silver was $32.50 today it is over $79.00 . I bought most of my silver under $7.00 in the early 2000s. I can't complain about the daily price action even though it is over $40.00 off its all time high. Just buy and hold.
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 Posted 04/15/2026  9:34 pm  Show Profile   Bookmark this reply Add Marv65 to your friends list Get a Link to this Reply

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I bought most of my silver under $7.00 in the early 2000s.

What a great time that was - I was buying common date NGC MS65 St Gaudens and the new Indian Buffalo gold coins for $500 each..............
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 Posted 04/16/2026  02:51 am  Show Profile   Bookmark this reply Add Marv65 to your friends list Get a Link to this Reply
Not bad - silver up to $80 this mourning - (yes, I meant "mourning")
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jbuck's Avatar
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 Posted 04/16/2026  09:39 am  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply
Yup, pressed against $81 briefly after midnight, but settling back into that $79 zone.
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 Posted 04/17/2026  07:38 am  Show Profile   Bookmark this reply Add CoinHunter53562 to your friends list Get a Link to this Reply
Went to a coin show last weekend and asked some dealers about their current buy prices. The show was busy so the sample size is small (two dealers) but here's what I can report:

Dealer 1:
Silver 0.999 - buying at spot minus $8
90% - buying at 38x
Common Peace/Morgan dollars - buying at $42 each

Dealer 2:
Silver 0.999 - buying at spot minus $6
90% - buying at 43x
Common Peace/Morgan dollars - buying at $45 each

Was surprised at how much stronger dealer 2 was compared to dealer 1. Both were coin shop owners in business for years. Either way, this goes against the narrative that no one is buying 90%. Both had no hesitation in buying. Sure glad I didn't unload bucket loads full of silver last summer.
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jbuck's Avatar
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 Posted 04/17/2026  5:07 pm  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply
Looks like we are going to end the week around $80 which is okay by me.
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Harry213's Avatar
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 Posted 04/18/2026  4:10 pm  Show Profile   Bookmark this reply Add Harry213 to your friends list Get a Link to this Reply
I don't know, but you might want to wait until Monday to buy anything. Selling might possibly be a better idea today though...


All the markets are closed for the weekend except for Bitcoin.. So how do we get a read on what the Market's might do Monday? Well... Here's what Bitcoin has been doing since Friday after the markets closed..

We know who to thank for that



Is-Silver-Ready-To-Hit-$50---1/29/2026:-Will-It-Hit-$130?---Previous-Milestones-In-First-Post
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 Posted 04/19/2026  9:22 pm  Show Profile   Bookmark this reply Add barryg to your friends list Get a Link to this Reply
Well, there was a bit of a dip when the overnight markets opened tonight at 6:00 EDT and I feared it was going to plummet, but it seems to have gone back up and stabilized for now.

We'll see what things are like in the morning, I guess.
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Marv65's Avatar
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 Posted 04/20/2026  03:22 am  Show Profile   Bookmark this reply Add Marv65 to your friends list Get a Link to this Reply
Gold just hanging around 4800 - Silver hanging around 80
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