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

Looks like we're in for a slightly lower open across most of the Market's this morning.

The pullback, retest of $83 support, and sideways chop that should have happened yesterday afternoon is happening this morning. That's "normal" after that run yesterday.

Last night Silver did manage to climb an additional couple of bucks and hit a high of exactly $88 at around 7PM EST. I'm quoting the July contracts, you guy's probably see something about 50 cents lower still using the May contract price.. We should be on the same page by end of month.

Gold is also under pressure this morning. As I've mentioned Gold is sort of treading water the last 4 day's. So I think Gold is something to watch (1 of the many things I follow) if you're looking for clues.

Rough day in the markets today. CPI (inflation) numbers came in hot so the indexes are bleeding out Red today. Could maybe continue tomorrow.

Silver is hanging in relatively well considering what's going down. Gonna have to wait out this storm and hope it doesn't get swept away.

So far so good today Silver chose to fly in one of those "hurricane hunter" aircraft that fly directly through storms.

It has been noticed, amongst the trading community, that Silver barely went down at all in today's turbulence. One observer in the room even asked "why is silver dancing sideways today?".
You know what happens when people start noticing.

And on that note Silver is in a bit of a recovery at the moment it's $86.60 on my screen and that upward slope started right before lunch.


Your hunch appears to be coming true.

How's that for a nice upward slope?

Started at lunch around 11:30 am and went all the way into the 4 pm close... Now to see what the night crew will bring.

Yup, and they held it up fairly well overnight for the most part.

When people start noticing Silver, that's when the FOMO kicks in and they want to get on the train.

The winner's today are those that held or bought the dips in the $60's and $70's.

Interesting to see what's happened with Silver and Gold over the last 2 week's and thinking about what's next.

Here's a daily chart showing the last 10 days for both Silver and Gold. Notice the difference?

Gold had one big move up last week and sideways ever since while Silver has gone straight up almost $20 an ounce.

Something to think about

I know, for a fact, that silver will rise to $90 or possibly much higher by tomorrow night, stay there until Saturday evening, then drop dramatically.

How can I state this with such certainty?

I'm going to a coin show Fri - Sat and planning major purchases.

I have a solid database going back many years to support my statement.

Have no fear.

I made a bold statement, prediction, whatever, a couple months ago that Silver will be at "Triple Digits" by the end of the May contract. The post is searchable.

So buy with confidence! I got you covered