Is Silver Ready To Hit $50 - 1/29/2026: Will It Hit $130? - Previous Milestones In First Post - Page 186

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Harry213 Pillar of the Community United States 1126 Posts	Posted 06/26/2026 11:45 am Quote: Silver is doing the sideways chop in ~$59 after the bump. European Market's just closed and we're still pretty stable. Today's an Op Ex day so the market maker's might pin the price this afternoon. I don't expect there will be too much more profit taking today, since we haven't really gone anywhere this week and there hasn't been any bad news today that I'm aware of. But one never knows what could happen. I can however imagine the Shorts might start closing their positions at end of day (meaning they buy them back) so we might even see another little bump Up this afternoon at the close. Either way we'll start fresh on Monday, with some good news hopefully, or at least no more bad news for Silver and Gold. Edited by Harry213 06/26/2026 12:34 pm Report this Post to the Staff
jbuck Moderator United States 189340 Posts	Posted 06/26/2026 12:06 pm A fair analysis. Coin Collector Since 1978 Avatar Old Avatar 7070 Eisenhower Australia Canada World CCF Members on eBay CCF eBay Search Engine Report this Post to the Staff
jbuck Moderator United States 189340 Posts	Posted 06/26/2026 3:38 pm The sideways chop has a moved with a subtle decline this afternoon. Coin Collector Since 1978 Avatar Old Avatar 7070 Eisenhower Australia Canada World CCF Members on eBay CCF eBay Search Engine Report this Post to the Staff
Dearborn Moderator United States 97476 Posts	Posted 06/26/2026 3:43 pm yep, lets see what happens over the weekend that could have effects on the market on Monday. Collecting since 1972. Learning from then on "Tell me and I forget. Teach me and I remember. Involve me and I learn." - Benjamin Franklin 7070 type set coin count: 51/76 Uncirculated American Silver Eagles My American Silver Eagle Proof Collection Sacagawea Dollars Innovation Dollars Eisenhower-Dollars Kennedy-Half Dollars Washington-Quarters Roosevelt-Dimes Buffalo-Nickels 1938-2005 Jefferson-Nickels Lincoln-Cents Report this Post to the Staff
jbuck Moderator United States 189340 Posts	Posted 06/26/2026 4:17 pm Still up for they day, but it just dropped back into the ~$58 zone. Coin Collector Since 1978 Avatar Old Avatar 7070 Eisenhower Australia Canada World CCF Members on eBay CCF eBay Search Engine Report this Post to the Staff
Harry213 Pillar of the Community United States 1126 Posts	Posted 06/26/2026 4:37 pm Quote: The sideways chop has a moved with a subtle decline this afternoon. July Silver future's opened at $58.02 and closed at $58.45 how exciting. Like watching paint dry. Reminds me of when I was selling covered call options in SLV back around 2021. I would buy 1,000 shares of SLV at $20.27 per share (just for example) and then turn around and sell Covered Call contracts against those shares for $22 a share with a 1 month expiration. It would take about 3 to 4 week's for Silver to move $2 and close above that strike and have my shares called away. So boring and not worth my time that I gave it up and just traded more exciting and profitable stuff. Today was like a Deja Vu of when Silver was so stable it barely moved. Anyone expecting a big move up or down next week may find themselves disappointed. I don't sell Covered Call options anymore because of that. Now when I trade options I sell Credit Spreads or buy naked Calls and Puts. This weekend a lot of people will have the chance to buy Silver at $58-$59 bucks, something they have not been able to do since November December of last year. Edited by Harry213 06/26/2026 4:39 pm Report this Post to the Staff
jbuck Moderator United States 189340 Posts	Posted 06/26/2026 4:38 pm Quote: Today was like a Deja Vu of when Silver was so stable it barely moved. Anyone expecting a big move up or down next week may find themselves disappointed. I am prepared to be disappointed. Quote: This weekend a lot of people will have the chance to buy Silver at $58-$59 bucks, something they have not been able to do since November December of last year. Coin Collector Since 1978 Avatar Old Avatar 7070 Eisenhower Australia Canada World CCF Members on eBay CCF eBay Search Engine Report this Post to the Staff
Harry213 Pillar of the Community United States 1126 Posts	Posted 06/26/2026 5:11 pm Quote: Still up for they day, but it just dropped back into the ~$58 zone. I just checked again after stock market closed and COMEX trading took it up a little more to close at $59.16 Maybe some of that end of day short covering I mentioned earlier or a sign we'll see $60+ Monday Report this Post to the Staff
jbuck Moderator United States 189340 Posts	Posted 06/26/2026 5:13 pm I wold like to see ~$60 on Monday because I like that as a stable zone more than I do ~$50. Coin Collector Since 1978 Avatar Old Avatar 7070 Eisenhower Australia Canada World CCF Members on eBay CCF eBay Search Engine Report this Post to the Staff
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