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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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jbuck's Avatar
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 Posted Today  3H 40M ago  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply
Looks like we are going to be hanging around the ~$63 zone for a bit.
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Harry213's Avatar
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 Posted Today  3H 12M ago  Show Profile   Bookmark this reply Add Harry213 to your friends list Get a Link to this Reply

Quote:
Looks like we are going to be hanging around the ~$63 zone for a bit.

So annoying that KITCO is the only one showing showing the "~$63 zone" right now while APMEX, COMEX and even that silly nilly Silver Future's stuff is ALL showing the ~$64 zone right now..

I am sooo done with the discrepancies...

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Harry213's Avatar
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 Posted Today  2H 38M ago  Show Profile   Bookmark this reply Add Harry213 to your friends list Get a Link to this Reply
Okay I may have spoken to soon.

KITCO may be the laggard in the group and their charts are still reflecting the "Back month".

KITCO may be the only one left that still hasn't rolled over their charts to mo reflect the "Front month".

The Front month is currently higher than the Back month, This is called Contango.

The front month is the one that's currently being traded. I'd love to explain but.. you know, Futures and stuff..

Sorry if this annoys or offends anyone because they just want to check their phone every day and see the price of "Silver" and if it went up or down and not this other mumbo jumbo that's got nothing to do with the price of "Silver" going up or down

Edited by Harry213
Today 33M ago
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Harry213's Avatar
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 Posted Today  1H 38M ago  Show Profile   Bookmark this reply Add Harry213 to your friends list Get a Link to this Reply
Alright now Silver is Down from where it opened this morning so this illustration would have made a whole lot more sense if I had shown it with the price at the open. But still just do the math and you'll quickly see what I'm saying about

Who is Quoting the Back Month--> KITCO, barryg

And

Who is Quoting the Front Month--> Me, Jbuck, COMEX, APMEX

BTW this is called Contango, look it up.

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

Is-Silver-Ready-To-Hit-$50---1/29/2026:-Will-It-Hit-$130?---Previous-Milestones-In-First-Post
Edited by Harry213
Today 21M ago
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jbuck's Avatar
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 Posted Today  1H 36M ago  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply
Do not beat yourself up over it!

Every now and then I will Submit a reply on CCF, but it will "hang" and take a while to actually post. This topic is a tab I usually leave open, so I might not wait around to see the "reply posted" message. I told you all that because I see my "~$63" post was around 9:25 AM EDT, but I assure you that I looked at my COMEX chart and posted that closer to 8 AM.

Oh well. That is what I get for moving on too soon.
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Harry213's Avatar
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 Posted Today  1H 5M ago  Show Profile   Bookmark this reply Add Harry213 to your friends list Get a Link to this Reply
That makes sense Jbuck

And yes I remember you saying you started using a different price chart to get a more accurate and up to date price on Silver. And yes Silver was in the ~$63 zone around 8 am when you said you checked last check it on COMEX. Makes sense the delay between posting that and the open since Silver went up to $64.43 by 9am

That's why I had to go look at what the online metals dealers were quoting and quickly identified KITCO as the low man on the totem pole and coincidentally KITCO chart is the same as the September futures prices while everyone else is already rolled over into December. So it all makes sense now.
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Harry213's Avatar
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 Posted Today  37M ago  Show Profile   Bookmark this reply Add Harry213 to your friends list Get a Link to this Reply
Yes and don't forget Tomorrow is the big day that all of this has been leading up to for the past month.

The big decision is finally almost here.
Will it be this? or this?
Metals could be in for a rollercoaster of a day.
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