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

The Market's are all Red yet Silver and Gold is on a rampage. It's finally happening, people are selling equities, getting out of the Dollar and back into Silver and Gold.



Let's break it down.

I mentioned in prior postings that $69-$70 level was a 'secondary' target once we went back and retested $65, which we did. Check.

I mentioned that the caviat would be that $65 had to hold and stay above it, which it did. Check.

I also said the $70 retest was a possibility "if" Silver could catch a break, which it also just did. Check.

Coincidentally the 200 day moving average for Silver is within reach now, sitting just below $72. Silver has already gotten above the 50 day, the 20 day, and the 8 day MA and appears to be on a rampage with a vengeance.

We've already had a 4% move today, and a 4% move yesterday that's above average. But all we need is one more 3-4% day.

I think we're going to see $71 by tomorrow and the 200 day is going to act like a magnet helping to pull it there.

Bring it.