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

But now it's slowly making its way back up, so never mind...

[Sorry, missed jbuck's last post. What he said!]

I would say the paper pushers are about to have a "Red Wedding" moment on the floor.... All in time.

As long as he's not shorting gold and silver, he's likely having a great time right now. Paper trading has really boomed in the retail community since the price increase, because unlike before, there are good profits to be made with these big swings and volatility. That's why I got back into it recently, and it's been fun and profitable, unlike before.

I own physical silver, and my wife owns some physical gold. We accumulated most of it between 2006 and 2020, regrettably we sold a little bit in 2024, but we have no plans to sell any more. My paper metal positions are currently worth about one-third the value of our physical holdings.

I trade using an old 401k, rolled over into a Schwab IRA after my previous job ended due to Covid. I also have a traditional 401k with my current employer, which holds standard S&P index funds. However, the IRA allows me to buy and sell just about anything that's on the market and I trade in and out of positions quickly. I don't need to visit a local coin shop to buy or sell.

I trade gold and silver ETFs, as well as mining, rare earth, and mineral ETFs and stocks. I also hedge my physical silver and gold positions, along with my regular 401k retirement fund, using "Inverse ETFs." These funds offer a short position in everything from silver to the S&P, Nasdaq, and even individual stocks like Tesla. I have a small investment in a few of these inverse ETF's, so if the metals or markets crash, these positions should skyrocket and offset some losses.

Silver is filling in the gap created on the big Monday night gap up.

The pull back, consolidation and retesting support is a good thing as long as the $90 floor holds.

Silver filled in the gap nicely, now just needs to hold steady.

I tried to nibble a bit more on SLV but it pulled away from me as I placed my order, so I'm waiting for a pullback that I may not get. I know I'm not alone.

My thesis: the Fed's "money printer goes brrrr" right now. That in itself supports gold and silver. There's still FOMO because the world is watching silver and waiting / expecting it to break $100 and nobody wants to miss it.

*Edit- just checked again and actually my order did get filled right before it shot up over $1.50 a share.

Silver is holding above $95.

I think it looks prettier on the 15 minute chart for SIVR the the ETF that tracks the price of physical silver, notice the discrepancy between the paper price and the physical price, I think that's called backwardation.

Edit:- That flagpole looking thing is also what is considered a bull flag pattern, IYKYK