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

The afternoon slope was downward. Back into the "normal" ~$58 zone. Tomorrow we do it again.

The September silver futures (the currently traded front month) shows a high of day so far was $61.54

I sold just below $61, all the positions that I bought last week when Silver was in the $57, $58, $59 range.

A whole week sure seems like an awfully long time to wait for Silver to move a few bucks. But this is what it used to be like a few years ago. Not as exciting as when it was moving a few bucks an hour and on a daily basis a few months ago..

Anyways I'm out for now and taking whatever I can get ahead of tomorrow mornings 'Job's Report'. Never know how the markets might or might not react.

Also tomorrow is the last trading day before the long holiday weekend, and you know what that sometimes means.

We are going to end up where we were yesterday afternoon.

Well, well, we had a nice little pop to ~$61 at 8:30 AM EDT.

Gold had the same pop.

Not expecting it to hold, but someone had a need.

So we sloped back into the ~$60 zone this afternoon. The gold chart looks like a copy and the markets are mixed.

No need to wait until Monday, since the rest of the world is still trading. Silver up to ~$62 overnight.

Yeah, unfortunately, the weekend, overnight and holiday trading on the futures markets are usually just 'smoke and mirrors, due to the lighter trading volume. Easier to move the price on the futures markets when most of the trader's are 'off' and the U.S. market is closed. Everyone except for the big boy's that is..

When I saw the price pop on Friday (holiday) and Sunday night, I said to myself well of course it would happen when we can't do anything trade wise.

The U.S. Dollar index looks like it was getting a bump up last night so I expect slightly lower metals.

Back up to the ~$62 range.