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

The U.S. M2 money supply hit a new record high of approximately $23.34 trillion in August 2026, marking continued expansion following previous record levels earlier in the year. Money printer go brrrrrrr... But nothing to see here folks, just go back to whatever you were doing.

Why do I bring this up? Because when people start to hear that when the Dollar goes Up Gold and Silver goes down they start to fear, and some start to hope, that it's somehow going back to near $30

But things have gone far beyond that. And a little more complicated than that now. There is a thing called the Debasement Trade. And yes while the Dollar seems to be going up and metals are going Down, the purchasing power of the Dollar is disappearing. Smart money, central banks, institutions, stackers all know this so they continue buying Gold and Silver and this provides support for as long as the government keeps printing money.

So expect a pull back, not a crash.

So what I think I said would be good pullback targets were $62 for Silver and $4250 for Gold.

Let's look at Gold because it's always the leader and Silver is the ride along.

So the "Duke's" or the "Night crew" brought Gold down to $4278.3 very early this morning before the buyer's stepped in. I said $4250 so what's $28.30 between friends. It's off to the races.. That's how the market works, other buyer's saw the target and started buying early.

Anywhooo. So now Gold is trying to settle in at $4300. It's too early to call it but if Gold settles at $4300 then Silver will settle at $63 or wherever it's at, good enough for now. We'll see.

As an aside, reminds me of "Silver is going to $50", well Silver was at or near $55 for a whole month. Was that it? Did they miss the boat?

I still believe $50 silver is deep in the rearview.

Hopefully not a doom loop.