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

I think we know what.

I just looked and saw that my stop loss got triggered on my Long SLV position as well. And it happened at 4:09 PM, 9 minutes after the market closed.

Hope that's not a sign of what's coming overnight.



EDIT* I meant after the Regular or Retail Trading Hour's market closed. There's still the Extended After Hour's until 8 pm and futures trade 23 hours a day 5 days a week.

COMEX is showing the low for tonight so far hit $61.595 at around 7pm EST

$61.595 is the 3 Month Low

$61.015 is the 6 Month Low

You'd have to look back to December to see anything lower than that.

People are getting a chance to buy at the 2026 lows if it stays that low by tomorrow. The buyers will start lining up. Which is why I don't think it will stay there tomorrow.

Have to wait and see.

Well I'm ready to give this another try today. Hopefully not get thrown off the horse twice like happened to yesterday.

But what happened yesterday wasn't just in Silver it was literally everything. DOW, NASDAQ, S&P, Gold, Silver, it all sold off yesterday afternoon at the same time, and it all bottomed at the same time around 7PM, and it all went back up at the same time too. It looks like a V as well.

I won't post the 5 chart's I mentioned but if I did you could see they're identical, you could overlay them on top of each other there's a V shape in each one that lines up perfectly with each other.

That's a "systemic" sell off not a sector sell off. It wasn't just metals, or manufacturing, or technology, it was the broader market selling off in unison about the same current economic fears.

Yup, I know what you mean, I have a long term fund as well separate from the "fun" short term trading account. The only bright side to systemic sell offs are they make great buying opportunities.

Well I bought more GLD and SLV as soon as the market opened, let's start climbing out of this hole now shall we...

I sold at $75 about 6 months ago, I'm good until it hit $35 and I'll start buying again.

This is a good chart, if you purchased silver exactly 6 months ago and held it till today, you lost money.




You have to take into consideration that it only costs between $14 and $27 to mine an ounce, a price of $60+ is just not sustainable.

We are chopping in the ~$64 zone now.

Obviously anyone that bought Silver at the All Time Highs in January lost money. If you bought just one month prior in early December or before that you're still in the profit.

The reality is that almost anyone that's been into metal's in a serious and steady way, either as a long term investment or as a hobby of stacking or collecting coins..

Just about ever last one of us has more than tripled our money. And that's just fact.

Anyone that bought Silver at the top because of FOMO or just following the crowds, never bought Metal before, just thinking they were gonna get rich now, well they deserve to lose money.

Most serious collectors or stackers or trader's are buying wether it's high or it's low. That's the only smart way to do it.

Imagine waiting for Silver to go back to $35 before buying? that means they haven't bought anything in over a year and who knows when they ever will..

The break even price to produce 1 oz of Silver is around $26 break even means they don't make 1 penny, that's just to get back what they spent in fuel, labor, transport, production and all the overhead. Who would produce anything just to break even or lose money?