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

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...

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.

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.

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.

Which is, of course, ironic given the fact that at the start of this thread I was quoting APMEX exclusively and finally switched to KITCO after being told repeatedly that APMEX did not reflect actual pricing and was too high compared to other indexes.

Well, since I'm the one who started this thread, I get to quote whichever source I want!

And within 2 week's (by end of September) KITCO will have no other choice but to roll forward and join everyone else and quote the currently higher front month (December).

And a couple of months after that a new front month will open for trading and everyone will start rolling into March, but not all at once, of course, so we could all start this amusing little conversation all over again

But of course it will all depend if the Silver futures market is in 'Backwardation' or in 'Contango', meaning if the front month is lower or higher than the back month, and that depends on supply and demand, shortage or abundance of available silver. And depends on which online metals dealers are quoting the current front month or the back month at that given moment in time.

Okay got that? Easy peasy right Don't worry I'll remind you
That's why I say it's easier if we all just Quote whatever COMEX is reporting, then at least we're all seeing the same number.