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

"Holy Atomic bomb, Batman", did the sky stop falling yet?

I just got back home, and all I can say is - who broke Silver? The 90's looked like it would hold but by the time I got to the dentist and parked my Jeep I checked my phone and saw Silver trying to crash thru the low 70's support level.

I bought a little more SLV at around $78 after I saw it bounce at around $74. just to get my dollar cost average down a little.

Then I immediately sold my ZSL silver short and collected some insurance money. That Put that was mentioned yesterday should have paid off big today if they purchased it.

That was a bit overdone really, but $75 was actually the worst case scenario to the downside and $145 was the best case scenario to the upside. And that was the expected range was for the next 60 days, I don't think anyone expected we'd actually see it all in one day.

Well, I watched it happen both in 1980 and 2011 and remember both events well.

The thing is, though, that what happened in 1980 was pure market manipulation by two individuals trying to corner the market and, as a result, the market soared up dramatically and then fell right back down to where it was before the increase soon thereafter. I don't see that happening here.

A closer analogy would be to the 2011-2012 run-up where prices gradually increased due to a number of market factors, and then slowly fell back down to where they started. Again, though, while there is obviously a correction going on right now, I honestly don't see silver returning to where it was at the beginning of this extended run ($30 or so), mostly due to the increased demand from AI industries. That doesn't mean it will go back to $120 or higher anytime soon (if ever) but, once again, I think the silver I bought at $14-20 will turn out to be a good long-term investment in the end.

Only time will tell, but for now I'm holding onto what I've got.

It's going to be interesting to see Monday, what the coin shops will say this weekend was like for them.

Swamped by buyers or swamped by sellers?

No shortage of people right now waiting for pullbacks to buy more, so I'm going with Buyers.

A silver dealer friend of mine is currently buying at $7 under spot and selling at $4 over spot.

Indeed.

So when are those "I Rode The Crazy Silver Rollercoaster of 2025/2026 and I Didn't Die" T-shirts coming out?



Or was it more like a bull riding machine?

Can someone explain the meaning of the huge price difference between New York and other places like Bombay? Obviously one can't buy it in New York at price X and immediately sell it in Bombay for X+$30. Are there any sellers in new York at X and any buyers in Bombay for X+$30.

Because the situation is different in each locale? A Samsung TV in a store in Shanghai also has a different price tag than a Samsung TV in a store in NYC.
And apparently, arbitrage is difficult if not impossible in the case of silver due to international and local factors beyond my grasp.