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

That's exactly what I was hearing was supposed to happen after we broke $100. Especially given that it broke through with relative ease, like a knife through butter. It's a confirmation for them to get in, not out.

Of course we'll see a pullback, or selloff, or profit taking or whatever we want to call it, but -25% right now? Not unless the banksters change the rules like they did to the Hunt Bros in 1980. -25% right now would be a crash not a pullback.

In my opinion unless the Fed does a big "rug pull" right now, that big -25% pullback won't happen until it hits $125 an ounce.

This is an amazing time for sure. For 15-20 years I have made an example to people that in 1964 a silver quarter would buy a gallon of gas. Then I would point out that a silver quarter today is worth $X" (typically $10-35, had to correct) and thus roughly buys a gallon of gas in silver value- meaning the dollar is debased, but silver holds its value.

Today, a silver quarter buys 4-5 gallons of gas, just all of a sudden. Something has changed drastically and suddenly. I think it is true price discovery and the current administration allowing silver/gold to find their natural levels; inflation has occurred and is still occurring; The industrial need for silver is MUCH higher today, and the banks were already helping to suppress the price of silver in Fed$ for their customers (manufacturers); There has been a deficit of silver production for at least 5 years; We are moving to a new world and monetary order- more localized/less global and tariffs instead of income tax in the US at least. Finally the US punished Russia by freezing their funds on SWIFT, and this sent a message to central banks all over the world that the US$ is not the best safe haven. All of this together (plus I am sure other factors- such as sovereign protection of strategic metals/materials, especially in the US and China) have created the perfect storm for silver/gold true price discovery and more awareness of the full competitive needs of metals (e.g., monetary holding/trading vs. industrial consumption). The economy still seems to be doing well on the back of a lot of technology development, so I am not necessarily expecting a market crash, but more inflation could be possible (a crash is too, I just do not see it yet, but I am not an economist).

GSR is still pretty high. Once it catches up I suspect both will go up together. I am not sure what that level is but probably 15-30 : 1.

$103 now....has anyone done a welfare check on the guy that dumped buckets full of silver back in the summer? How's that for a reality check?

And they're off.................metals on the rise!!!!!!!!!!

Funny - I remember commercials 20 years ago that were saying "Gold is going up to $5000 an ounce" - well, finally got there!

Right about now a lot of people are wishing they had listened to William Devane years ago. I guess now they're wondering if it's too late to hop on the bandwagon. A lot of emotions and nervous money out there.