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

Feels like it's gonna do that zig zag, up down left right cheat code pattern thing today after that nice bounce yesterday.

Back up we go! It kissed that $68 line and playing in the ~$67 zone now.

Indeed it does.

That's true.

And we're currently watching this "re-test" happening across the broader market. The landscape is littered with "broken" charts right now.

Everywhere you look you'll find stocks and indexes that recently had long upward sloping trend lines, but in the past week those supports have been violated and broken to the downside.

What happens next week will be critical not just for metals but for the entire stock market.

The 2 outcomes I see happening after next week and the factors that will decide it in my opinion are these.

1- Market's go Sideways until the midterms if- The war ends (for real this time) and the markets believe inflation will drop (because Oil goes back down) AND the Feds leave rates unchanged.

2- Market's go Down if - the war continues with no end in sight (higher oil, higher inflation) AND the Feds raise rates.

Do I see the market going to all time highs again right now? No. The damage has been done. The only way I see that happening is if the war ends, oil drops, AND the Fed lowers rates next week.

Little dip into the upper $67.

Typical Friday. Slightly higher, some profit taking into the close, calm day, nothing crazy or unusual happened in the markets today.. Except maybe this.. not about metals but about what could bring metals down along with everything else Monday.

Richest man in the world Elon Musk's baby SpaceX (ticker symbol SPCX) had it's long awaited and highly anticipated IPO debut on Wall St. And lucky for him, it went off without a hitch too. Quiet day, no crazy war talk to tank the markets or anything like that. The opposite actually, just coincidence though.

However, even with that help, the stock didn't exactly go "to the moon" as many thought it would... I watched it, and it popped, and then it sputtered and started drifting back down towards Earth. Sort of Meh. Not exactly what the Market was hoping for and all hyped and propped up about.

So now that that's out of the way, and the Market's are closing for the weekend, I think it's back to our regularly scheduled programming this weekend.

And if so then the Market's will have every single reason in the world to sell off on Monday.

That's just my opinion. Let's hope I'm wrong, or right depending on which way you want Silver to go.

What you don't want to see but what seems probable is the 50 day decisively breaking 200 day, a "death cross". This is the opposite of the "golden cross" to the upside.

Ahh yes, another fellow "reader of the tea leaves"... Finally.

your talking my language.

Yes, I have been watching for that specific cross over. I still think Silver could ride the 200 back up and get over the 50.

It's great to have you with us.