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

Just an FYI to be aware of. I noticed neither Kitco nor APMEX are showing the actual market prices for Silver. They don't even match each other. APMEX ranges as much as 30-60 cents above while Kitco is slightly below the highs and slightly above the lows.


I suggest you guy's also check the COMEX Silver price.
Just so you could compare-
The overnight Low was $74.11 not $75 APMEX or $74.76 Kitco.
The High today was $78.62 not $78.80 APMEX or $77.86 Kitco

There are multiple reasons for the mismatched quote's the online dealer's are posting. Including the premiums they add on top of wether they quote the ask or bid. I go by the last actually traded price someone paid on the commodities Market for 1000 oz bars.

I feel like the Kitco quote is closer to reality in some ways. I would be more disappointed as a seller if I went by the higher APMEX quotes. I haven't looked but I wonder what the spread is between the APMEX buy and sell price.

The slope today still trends upward.

Looks like somebody forgot to give the overnight crew the memo...

I was getting mixed signals throughout the day yesterday. That's why I think it was just a technical bounce and not a full reversal. Not yet anyway, but could happen at any moment of course.

Because the $76 zone was violated over the weekend the sharks or the bears or seller's whichever you want to call them, all smell blood in the water and are circling. Buyer's aren't confident enough yet.

We know from the past few months that there's good support (buyer's) at the $72/$71/$70 zone. Strategically it would make more sense to pull back to that zone, where more buyer's will step in and start pushing up from there.

Either way at some point the dip buyer's will all pile on again. Let's see what happens.

Yes!!
Now we're talking...

That red line on the bottom was my target. The floor, for now anyway. The little red box with the red arrow is today, right now.
.
My Buy orders are being written as we speak

WoW look at that!! It kissed the support line that I had drawn weeks ago just perfectly.. And then up, up and away..

BTW that support line goes all the way back to last year when Silver was at $40 and $50... I've mentioned before that a rising "base line" could be drawn from last year up to now. And that "so far" Silver has stayed above it.

Well that's it right there folks.