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

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Harry213's Avatar
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1297 Posts
 Posted Today  2H 42M ago  Show Profile   Bookmark this reply Add Harry213 to your friends list Get a Link to this Reply
CPI numbers are out folks and they ain't bad, for the metal's at least

Month over Month +0.4% Matching Wall Streets expectation.

Headline CPI Year over Year +3.4% holding completely flat against July

Core CPI excluding food and energy on target +0.2% month over month and +2.4% Year over Year stepping clearly down from last months 2.5%

Going to be a Green day, Fed rate hike probability will drop some IMHO


****Next week is the big meeting where the Fed will announce wether or not they raise, lower or hold, oh boy
Edited by Harry213
Today 2H 20M ago
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barryg's Avatar
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 Posted Today  1H 47M ago  Show Profile   Bookmark this reply Add barryg to your friends list Get a Link to this Reply
Well, things were pretty grim overnight, but it looks like things are bouncing back a bit in the pre-market hours. Just hit the ~$65 zone briefly before dropping back a bit to the ~$64 zone.
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Harry213's Avatar
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 Posted Today  33M ago  Show Profile   Bookmark this reply Add Harry213 to your friends list Get a Link to this Reply

Quote:
Just hit the ~$65 zone briefly before dropping back a bit to the ~$64 zone.


That's weird,

Silver has been over $65 an ounce since 8:30 when the CPI news hit.

You should stop doing business with those people they're cheating you on the premiums lol

Is-Silver-Ready-To-Hit-$50---1/29/2026:-Will-It-Hit-$130?---Previous-Milestones-In-First-Post
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barryg's Avatar
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Quote:
Silver has been over $65 an ounce since 8:30 when the CPI news hit.


Silver, not silver "futures" (whatever the heck those are).

Is-Silver-Ready-To-Hit-$50---1/29/2026:-Will-It-Hit-$130?---Previous-Milestones-In-First-Post
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Harry213's Avatar
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Always check the COMEX Silver and Gold CME website when quoting spot prices because the metals dealers premiums as well as their Bid and Ask prices vary so much. That's almost like using my LCS as a guide to what Silver is going for.

Even though COMEX might still quote the back month instead of the front month, it's still closer to what the actual price of 1,000 ounce bars are trading for on the market at this exact moment.

So for example on COMEX Silver just fell below $65 to $64.99 around 11:15 am after spending all morning over $65 and hitting a high of $65.82 that's almost exactly what the December futures were trading at.

Just saying
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