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

I don't know about you guy's but Silver already hit $90 for me in the July futures contracts.

Trigger warning

This is at least the 6th time Silver has been above $80 in the past year.

There's no guarantee Silver won't be back to $70 next week.

Hindsight is 20/20 But the future requires conviction and standing by your beliefs. I will never judge anyone for Buying or Selling when they feel the time is right. That is a personal decision.

So with that being said.. everyone has had the chance to Sell at this level or higher at least half a dozen times.

Please nobody have any flashbacks of 2008 if Silver sells off after this nice $20 run.

You had your chance to get out.

I'm still wondering why Gold is down today?

Another day in the upper 80s with some lunchtime upsie-doosies. It is up to the night crew again.

That downward slope appears to be accelerating a bit. Or would that be decelerating? Either way, silver is back down to $84.

I missed all the thrill's this morning

Bit of a mixed day in the markets, nothin crazy though.

Silver doing the sideways chop, digesting the last 10 days of gains. Profit taking for the trader's, etc..

Normal stuff, it's good because it "shakes out" all the "weak hands" and panic seller's.

Support is below at $83... The next level up is at $92-$93 with a break above $93 and hold would be confirmation..

Chopping between those two zones is completely normal and healthy. But if course I'll be watching for any obvious signal of a reversal, and will share if and when I see one because that's when I'll bail out.

Until then just enjoy your $85 Silver

I agree it was a pretty dramatic plunge, around $3 in the span of an hour. I had a long drive this morning so I missed it. But had I been watching my screen I would have too.

Considering it went up almost $20 bucks in 2 weeks a pullback to support is expected.

Silver is trying to hold $85 and as long as it doesn't "crack" $83 it's fine for it to chop sideways for awhile. What's not good would be a complete reversal.

Too early to call it. But what has to happen now is buyer's need to come in now and push it back up above $86 and close the day towards $87 to show they're still in control.

If seller's overwhelm and push below today's bottom, and we close below today's bottom then I would get ready to use my seat cushion as a floatation device.

Okay, umm we can start to worry now maybe just a little.

Price is sinking towards the low of day into the close.

The night shift more than likely is going to take a crack at $83 to see if it holds.

I got my parachute ready.