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

Vector Ze it's awesome that you remember those moments in Silver history as for myself those years are a bit of a blur. 2008 to 2020 were my busiest collecting years and when I went to coin shows and shops regularly. So I bought most of what I own during the years you mentioned.

Just as the highs are higher today. The floor is undoubtedly higher now too. There are some other notable differences between what happened then and what's happening now. The breadth and range of the moves and the speed at which they are occuring.

The addition of Silver to the Critical Minerals List. Federal action to secure supply chains and provide price stability aka a floor. Industrial demand, over 60% of Silver demand is now industrial.

Structural defecit in Silver where demand has outpaced production for the past 6 years. And let's not forget COMEX Silver inventories have reached critically low levels in 2026. Analysts have warned there's a "math problem" where demand for physical delivery exceeds available stock.
Something to watch for in the upcoming May contract expiration.

Harry213
Eash spike had it's cause. Hunts trying to corner the market in 1980, economic uncertainty in 2011 combined with a profitable gold-silver ratio.
2026 was a combination of industrial supply shortage and investor demand.
Yes, the floor is higher. But, fundamentally, the 2026 spike will seem like any other when viewed in the rear view mirror. Who would be shocked to see $50 silver? Not me. Not even $40 in a few years.

On the other hand, I wouldn't be shocked by $200, either. Silver is nothing if not volatile. And if any of us could make a reliable forecast, we could easily become very wealthy.

This early morning while the King was snoozing in his onesie, Gold was at $4671 and Silver around $74.

I still believe that silver wants to reside in the $65-$75 zone I stated previously.

It may venture above now and then, but I do not see it going below.

Prove me wrong, Market Forces.

Silver made a lower low of $73.845 overnight, the $75 line didn't hold as predicted, so as you can see on the daily chart below, where each candle represents 1 day since the Friday high of $83.245 The pattern for the week looks like a stairway going down now. That is the trend to expect moving forward until we get a reversal. How low will it go? Let's see. We already know where support is, or at least some people do.

The difference between trying to predict the price now verses when it was flying high in January is this. Back when Silver was breaking $70, $80, $100, $115 and moving over $10 a day at times, those were never before seen price levels. Purely un-"charted" territory. Because Silver never traded in "no mans land" before, it was impossible to tell where it would stop. There wasn't any chart you could look at that could tell you where the price levels were prior to that.

Now that we've been "to the moon and back" so to speak, it's easy to see where all the big transactions took place aka support and resistance levels. It is now "charted" territory. And because Silver has stabilized greatly, and moving like other assets on the market and no longer bucking like a wild bronco, that too helps to determine where it could end up.

When an asset starts moving at a normal pace as Silver is doing now, you can't really say it's going to $40 or that it's never going to $120 Because during normal market periods assets don't move straight up or straight down (unless a market crash). They chop and grind sideways and up, then sideways and down, then sideways and up again, you get the idea.

How about this idea- What if Silver doesn't go to $100 but it doesn't go to $40 either? It just chops in between, lets say the median price between $40 and $100 I'm not great at math but how about $70? With a deviation up to $80 and down to $60 now and then as a high and low range? $70 could be the new $20 when taking Everything that's happening now into consideration. Just how Silver was "stuck" between $10 and $20 for years.

Hey I'm in your camp on that one, and put me on the record for saying such a bold prediction too.

But I believe there is strong support for it remaining in that range and multiple reasons that exist today that tell it's never going near $30 ever again.



This is valid and plausible. The way I see it, that crash happened for a reason because first of all it should not have gone that high that fast. That was the hype, the speculation, the bubble bursting. And think about where it bottomed out. So indulge me on this but let's say we removed that spike from the chart, call it an anomaly that should not have happened. Now looking at the chart strictly from the base line. An upward trend line could be drawn from where it was in the $40s and $50s to today, showing the $60s level as the current floor. Of course there's one way to prove this possibly in the coming weeks depending how low silver goes.

That's an interesting parallel.

It brings to mind the one time in recent history where we saw both Oil and Silver hit bottom. The COVID crash. Actually everything hit bottom, then bounced higher.

And this is the one caveat to my prediction of higher silver. A historic Market crash. That would be the only thing I could imagine that would bring silver below $30 in a hurry, even if only momentarily.

And unlike the 2020 crash where everything bounced, the next one could be something more like the 2008 housing bubble collapse and the great recesssion. Something we may be getting set-up for when you look at the AI tech bubble and the all time highs we're seeing. Weird how it's happening at a rather strange time for all time highs to be occuring