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

I still believe $65 is the absolute bottom, but I hope $72 holds its own.

Little bump to ~$74.

Trying to reach that ~$76 zone.

Silver really hasn't gone anywhere in the last 10 trading day's after it fell from the high $80's

It's been trapped in this "box" so to speak, treading water in the mid $70s, for a whole 2 week's it's been up $2 one day and down $2 the next day.

At least Gold yesterday managed to climb back over support and today it's getting a little bit of a bounce.

Silver isn't doing much of anything right now. On one hand this is awesome for price stability, on the other hand we know it can't stay there forever and price is drifting slowly to the lower $70s so that's a concern.

I would feel a whole lot better if we somehow got rid of what's causing the economic and geopolitical risks that's causing metals to drop. So I am currently neutral on Silver until it decides where to go.

It's impressive at the very least, that even before Silver made the run up to $90 (for the 3rd time this year) it was staying steady in the $70s for many weeks.

I went and counted and so far Silver has traded in the $70's or higher for about 23 week's total.

Yup since end of last year, that's almost 6 cumulative months of $70+. With the exception of the 2 weeks where it dipped briefly into the $60's.. It did it for maybe 1 or 2 day's each time, both times were awesome buying opportunities for those of us that caught it.

I've said it before, I believe $70 is a base, and there's plenty of buying support in the upper $60s to back it up, at least for now anyway.


And that's what I'm being cautious about.

There's too much going on. So if they do pull the rug out from under us I will be ready to jump in with both hands to buy that dip.

Calm day in that ~$75 zone. Markets are up again. Enjoy the weekend!

Friday might have seemed like a calm day, but there's more going on under the surface.

The biggest take away from Friday's price action is the Doji candle that was formed that day (Looks like a plus sign). The Doji represents a stalemate. It's a sign of great indecision. It means that neither buyer's nor seller's were able to take control. Imagine a tug of war where the flag stays in the middle.

The good thing, or bad thing depending on how you look at it, is that the Doji was formed after Silver has been chopping sideways directly on a support level for 2 whole week's. This is a signal.

The tug of war has been happening for 2 week's, all that built up pressure there will break soon in one direction or another.

And With Silver sitting directly on a support level one would hope the break is to the upside. Because that's not a good place for it to make a break to the down side.

Now it's just a waiting game..

Another day.. Another Doji ?
That's 2 of them on back to back days.
The "tug of war" and indecisiveness continues for Silver.
The difference today is that the Doji went a little lower than Friday's.

Below is a chart of the June Silver futures, and below that is a chart of SLV. Both are saying the same thing.

The upward sloping Red line on the bottom is a trend line that Silver has managed to stay above since August of last year 2025. I do not like seeing Silver sitting so closely above that line at this particular moment.

What is Sikver waiting for to make it's next move?
Is it news? Is it economic data?Is it tonight? Is it this week? Is it this month?
The waiting game continues.