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

The Market's appear to be in the selling mood this Monday morning, after what looked like a decent open on Sunday evening. Probably sobering up from last weeks tech earnings "euphoria" combined with the current geopolitical reality.

Silver opened for trading Sunday night at around $76.50 that's just slightly above Friday's close, and it held there for a few hours before starting to sell off around midnight.

Gold however was showing weakness right out of the gate. We know Gold and Silver tend to run together.

Silver's low for the day so far is around $72.60
Gold's low for the day so far is $4522

Look for a recovery today but if the markets decide to dump they'll probably take the metals with them for the ride.

This week was already forecast to potentially not be as good as last week was. And to add to that, there's some "not so good" stuff that's brewing up again, so we'll see. Thing's can change at the drop of a dime.



The selling picked up a little right before the lunch hour.

Silver $73 ish and near session lows again.
Gold $4536

Not exactly starting off the week with a bang, is it?

I prefer my sideways shuffle to have a little less downward slope, personally...

GOLD is having trouble. From the looks of yesterday's price action it appears that Gold wants to resume it's downtrend.

Looking at the daily charts below where each bar represents 1 Day. We can see Gold's red bar took out the last 3 day's of gains. Gold sold off to a level below where it was last Wednesday. A Downtrend resumed.

Looking at Silver's red bar, on the other hand, silver sold off but only took out 1 day of gains, Fridays gains. Current price is still above last weeks low on Wednesday. A sign that it has more support than Gold at the moment.

From my observations Gold has been showing weakness. Which brings up what many analysts, trader's and even coin dealer's have been saying. For weeks they've been saying Gold is due for a massive correction.

How far are they saying Gold should fall? I've heard from $4000 to as low as $3500.

What does it mean for Silver? Well, this wouldn't be a problem for Silver if not for the fact that Gold and Silver tend to move together. So if Gold falls hard, will Silver "decouple" itself from Gold and hold up? Or at the very least not fall as hard as Gold? Or will Gold take Silver down with it?

An now it looks like that downward slope is back.

And just like that we're back to Friday.

In case you're wondering. Dozens of similar headlines like this are hitting the market news wire since last night. Gold and Silver skyrocketing, while Oil and the Dollar plunge. Oil dropped $10 a barrel on this news.

I think we have a clue now on what's been weighing down on Gold. Looking at the daily charts below Gold has more than made up for the last 2 days.

Silver and Gold are both up over last Friday's high. Gold's move is even more impressive.

Silver up almost $5 at around $78, Gold up $151 to around $4720.