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

I have to admit I'm starting to get a distinct feeling of dejà vu:



Those of us old enough will remember what happened in 1980 when silver surged upwards due to market manipulation by the Hunt brothers and then, just as quickly, dropped right back down.

Then, during the Great Recession of 2008, silver prices started going up again. And when some people said it couldn't last and that it would fall again just like it did in 1980, lots of other people said that things were totally different now. It wasn't market manipulation this time, you see -- it was all about inflation and the economy and industrial demand for silver, etc., etc., etc. And then, of course, silver prices fell back down shortly thereafter (albeit not all the way back down). Oops!

And then came 2011 when silver prices started soaring again. And, once again, when some people said it couldn't last and that it would fall again just like it did in 1980 and 2008, lots of other people said that things were totally different now. This time it really was all about inflation and the economy and industrial demand for silver, etc., etc., etc. And then, of course, silver prices fell back down shortly thereafter (albeit not all the way back down). Oops!

And now here we are in 2026. Once again, silver has had a dramatic rise and, once again, some people have said that it can't last and that it will fall again just like it did in 1980 and 2008 and 2011. And, once again, there are plenty of other people saying that things are different this time, except they are saying the same things that were said back in 2008 and 2011. Well, as George W. Bush once famously said, "Fool me once, shame on—shame on you. Fool me—you can't get fooled again!"

All of which is to say that, while I certainly hope silver stays up and never comes crashing back down, I won't be all that surprised if we get yet another repeat of past history.

Yep, gotta keep us on our toes.

Just saw this article and headline published earlier this afternoon.

"Cisco Trigger's Tech Selloff, VIX Spikes 16%: What's Moving Markets Today? A volatile Thursday rattled Wall Street, with technology and software stocks sliding across the board after a cautious margin outlook from Cisco Systems Inc. (NASDAQ:CSCO) reignited concerns about profit durability in the AI trade."

The rest of the article rattles off all the things that went down today. Pretty much included verything from S&P to DOW to Gold and Bitcoin, just about everything.

Sure, why not blame (scapegoat) 1 company, Cisco, I mean we all know the whole AI thing is an over priced bubble, just as bad or even worse than Silver, Bitcoin, meme stocks. But just like the real estate bubble burst in 2008 and lead to the great financial crisis. Now the AI tech bubble is threatening to bring everything down? Hmmm, Okay...

What amazes me the most right now though is: that just as everything, I mean everything, was coming down today..

The only safe place to be was in Wal-mart, CVS and Costco.

**Edit- Not the only place, just in general, these types of names / companies.

Aahh yes, good times, good times, I remember them all too well.

You left out the Dot Com (Internet Boom) Bubble, circa 1995-2000 Clinton years, we (my coworkers and I) were all "eating high on the hog" as the saying goes. With all the work and overtime money coming in, guys were flying to Jamaica just for the weekend. And then just like that, boom, bust, all gone.

I'll be darn, I missed the drop today but looks like slowly climbing back (for now)

cpi really boosted silver this morning... nice!

I personally have not sold any physical metal since about 2023 or something, don't remember exact dates but it was right when Silver was cracking through $26 Gold above $2,000.

I had followed metals for so long I said uh, oh, silver is looking like its about to get smacked back down to $20 again, just like it always has before. I had seen $30, $50 in the past, but like many I thought nah we ain't never gonna see that again.

So let me cash in these few oz of silver and couple oz ounce of gold here, pay some bills with it. Looked at my watch, yup I'll just buy it back lower in a couple months like always. Rinse and repeat. But as Homer Simpson would say D'OH !!!

Hey, we can all be wrong sometimes right !?

Speak for yourself! I mean, sure, I thought I was wrong once, but I was mistaken.