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

I do not mind paying the cash since I have it set aside. The longer I go without spending it, the more there is to spend thanks to earnings. This is probably a good thing. It means those three coins could be much nicer ones than the AG-G I originally planned to buy.

I posted this before but when silver hit $75, I sold it that day. I had picked up most of it at $17, so it was time. The funny thing is that I got the silver when I sold my 2002 Omega Sea Master, (it was were I parked the money) and when I sold the silver I picked up a 2022 Omega Sea Master (and had $750 left over.)

My only silver purchase lately was the 2024 AU 50 Cent Dragon coins, I paid more than I liked but everything else was expensive.



I have 6 IHC and 2 Morgans that I still need, so looking for those, but my issue is that extra money usually gets allocated to other items (like telescopes, cameras or a car)

Slipping back up into the ~$57 zone.

Below is the 1 month chart of the U.S. Dollar index and the 1 month chart of Silver. Clearly you can see how the Dollar has been raging higher for the past month, there was a slight pullback with the Peace Deal news then it continued raging when that fell apart. And the impending interest rate hikes due to the high inflation brought on by higher Oil.

Looking at the big Red 1 month chart for Silver, just like Gold, it is completely the inverse or opposite of the Dollar. Because we all know a strong Dollar equals weaker Gold and Silver. You could see when Silver shot back over the 200 day moving average on news of the Peace Deal, then reversed and went lower when that fell apart.

If the Dollar tops off and starts pulling back, as it looks like it might be ready to, then Gold and Silver could see a reversal.

US DOLLAR-

SILVER-

So... Did we ever figure out what caused gold and silver to surge to ridiculous heights back in December of last year and January of this year?

One theory is that it started with the run up in Gold. Gold was surging unexplainably, to all time highs. It is reported that the big players and possibly government central banks were stock piling Gold because they caught wind of the upcoming war with Iran.

Strangely enough while Gold was rallying, Silver was not participating and keeping up. It is reported that after the big boy's loaded up on Gold, some started to buy up Silver too. That's when Silver finally started moving up, and people noticed and started jumping in.

Late last year a hedge fund that is notorious for doing very unscrupulous acts, got a big stake in SLV, the big Silver ETF that everyone trades. That's when we saw the big run up in November, December and what finally lead to the big FOMO blow off top in January.

Gold and Silver are both moving the same way today. They appear to be entering what's known as the consolidation phase, or digesting. Usually occurs after big moves up or down. When price start settling down. In other words what could be the making's of a new floor.