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

Maybe you guys could comment on why PMs and stocks moved downwards simultaneously today. With the equities jolt, I would have expected PMs to be a refuge today.

The sell off is being blamed on a few things. Interest rates, Dollar strength, Treasury yields and the economy (employment and inflation numbers).

For stocks it was the hot job's numbers that came out early Friday morning for the month of May. 177k jobs created vs expected 88k. This indicates a strong economy. That coupled with higher inflation means the Feds will almost certainly have to raise interest rates now to bring inflation down, instead of cutting them which is what the stock market was hoping.

Also, there was yet another spike higher in the US Dollar Friday too. Stronger dollar is bad for metal's. Gold has been under a lot of downward pressure for week's because globally they've been dumping Gold and buying Treasury's instead. There's no interest made when holding Gold vs holding Treasury's. So Gold has been falling. And where ever Gold goes Silver usually follows.

Even though PMs are considered safe havens during bad times, right now it's the U.S. Dollar and Treasury's that are the ultimate safe havens and where the big money is going to.

Yes, actually the Dollar had been in a Downtrend since the middle of 2025. Then around the middle of February 2026 it bottomed out and bounced higher breaking that Downtrend. I posted about it here and shared the chart showing how the Dollar had broken out and was heading higher. It's been surging higher ever since. Along with Oil. And Gold and Silver have been trending lower ever since.

Eventually it will get baked in to the price of PM's and become the new norm, just like Oil, and PM's will stabilize.

The whole AI tech thing is another beast. It's being compared to the Dot Com tech bubble. The tech sector is the most over weight sector within the S&P. So it is pulling the rest of the Market up with it to all time highs. So any selling in the tech sector will also bring the Market's down as well.

Mainstream financial News sometimes comes directly from sources that have a vested interest in pushing or selling a narrative that benefits them financially.

Happy Monday silver stackers and dip buyer's.

Just going over the multi colored chart's with the up and down arrows on it and I'll share a few highlights from the past 6 months after the anomalous FOMO peak.

February 6th - 1 week after the crash, Silver bottomed out at around $65.21.. A few day's later it was back above $80.

March 23 - 1 month after the Iran conflict, Silver bottomed out at $61.66... 2 day's later it was back above $70 and couple week's after that above $80 again.

This confirms what someone else posted about silver being in a channel between $60 and $80 for the past few months.

Today, 1 day after the sell off on fear's of higher interest rates and inflation. The low from last night was $66.30 this is the low of day so far at least. I wouldn't rule out one more sharp drop to put the fear of God into the last remaining sellers and force them to sell before pushing higher.

Now as a good used car salesman, err , financial advisor, err, guy on the Internet that chart's silver to find buying and selling opportunities?, I am obligated put this in the fine print.

Past performance is not a guarantee of future earnings. And once you pay for and drive the car lemon off the lot the problem is no longer ours.

A post lunch dip and ack up to the ~$68 zone.

Building or sitting on support?

Gotta shake them out.. shake, shake shake..

Market's are down today across the board, including precious metals and yes Silver, yet I'm somehow up almost 9%
How does one explain that?
And that was just before lunch.
That's how much I rely on Silver going up . Not one iota. Like I said, I can make money in either direction, just like every other trader and all financial institutions can. Doesn't matter to me, just wish I didn't have to remind people of that every other week...

I won't quote anymore of his similar jibberish assumptions about me, but I would recommend that he and others like him familiarize themselves with The Dunning-Kruger effect. Internet search tools are your friend.



EDIT* To update rather than make another post. Just went and looked after posting this and Silver as well as overall Market's are all still going down, and my profits are still going up.. Sure do wish the former book seller could explain to this "used car salesman" how that's at all possible.