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

Big drop at 9AM today. Big is relative. Silver nearing the~ $56 zone.

I'm still holding the very small gamble Vertical Debit Spread in SLV, I have until end of August for SLV to move, if it ever moves. But this pays 10X what I paid for it, if it moves in my direction.

I would put some positions on in GLD as well, since Gold target is $4400, but at this snail's pace that PM's are moving it's not worth tying up money for a month waiting for results. There's way too much other stuff happening in the market right now. Most trader's are still waiting out metals. One reason they're holding steady.

Yup, I think something has to give.... Maybe sooner even...


Zooming out, looking at prior 1 month range.

COMEX LOW = $55.67 July 15th

COMEX HIGH = $63.23 July 4th

COMEX LAST = $57.87 right now and climbing.

Followed by this an hour later.



What's happening today and for many days now is called 'Accumulation'...
Choppy, sideways movement with fake breakdowns that trap sellers before moving higher. (Smart money quietly buys in small portions so they do not drive the price up too fast).

'Accumulation' is the opposite of 'Distribution'..

I'll do the Bears the favor of Googling the definition of what this means below. You're welcome Bears

Accumulation and distribution are opposite market phases where large institutional investors build or exit large positions.

Accumulation involves buying quietly at market bottoms before an uptrend, while distribution involves selling off holdings at market tops before a downtrend.

Core Differences
Accumulation (Wyckoff Stage 1):
Market Location: Occurs after a long downtrend, forming a sideways base or trading range at market lows.
Goal: Smart money quietly buys shares in small portions so they do not drive the price up too fast.
Price Action: Choppy, sideways movement with fake breakdowns that trap sellers before moving higher.

Distribution (Wyckoff Stage 3):
Market Location: Occurs after a long uptrend, forming a sideways range at market highs.
Goal: Smart money unloads and sells their long positions to late-arriving optimistic retail buyers.
Price Action: Choppy, sideways movement with fake breakouts above resistance that trap buyers before moving lower.