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

Disclaimer: It's not for everyone and I definitely don't recommend it as investment advice lol

It takes a strong stomach to be able to ride the Ups and Downs while thousands of you real life dollar's are on the line. And you need a quick finger to hit the Sell button when thing's go against you, it happens really fast.

I was up this morning anyway thanks to the Puts I cashed in on NVIDIA that I bought yesterday, I had a feeling that stock would tank today. So if I lose a little on my SLV it will just balance out.

The market made an attempt at recovering up to around before noon time. Then things started deteriorating again in the afternoon. The S&P currently looks like it wants to fall through the floor.

News chatter is coming over the wire saying stuff like NASDAQ down due to the relentless climb in the 10 yr Treasury yields" yields climbing for 2 straight days, not good, means the emergency intervention from the Treasury 2 weeks ago (the one that caused Silver to soar) isn't working.

Mentions of Oil also climbing relentlessly too. I checked and Oil is going parabolic today, breaking above $90 and they're saying it's going to $100

We're in a bit of a pickle right now.

The market is not looking or feeling good at the moment. Feels like it wants to crash. I'm not saying it will happen but if it does it will take everything with it.

I was up a little, now down a little, I'm done and getting out as close to even as possible. If anything I will re enter on the Short side because this isn't looking good.

Would be a good time for one of our leaders to talk.

Maybe get on TV and announce something, a plan maybe? a concept of a plan? Anything

I was using the term loosely, very loosely

Sigh.. Silver ended the RTH session back at the bottom sadly.

My market Sell order didn't get filled because I refused to lower my Ask price any more.

So I'm holding 10 October 16, 2026 contracts until whenever.

Whatever Silver does overnight I guess I'm just going along for the ride.
YOLO!!

I just found this buried at the bottom of one of the financial articles coming over the wire around 12:30 this afternoon, about when the U S. markets started deteriorating. It was TLDR so I unfortunately missed it, now I wish I hadn't.

But this explains the fear we saw today. There's a sense of foreboding as European inflation came in higher than expected, raising the possibility that they will need to raise interest rates.

That's the very last thing the U.S. market wants to hear as we await the August inflation numbers.

Well, silver has risen from the ~$63 zone to the ~$64 zone in pre-market trading this morning, so fingers crossed!

It is a new day.