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 Replies: 2,828 / Views: 91,535 |
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Pillar of the Community
United States
1134 Posts |
Indeed today was one heck of a wild and crazy fun rollercoaster ride. Complete with the hair raising, vommit inducing, cliff dive finale. The extreme volatility and wild swings should be expected moving forward.
The push was monumental and came close to hitting the $120 U.S. price target. Impressive. And then came the drop. There was a "dead cat" bounce at $108, (that level held for an hour, so there's definitely some support there), before it continud dropping to around $102.
It appears that the $100 floor held and we got a bounce after hours back up to $107 U.S.. Hopefully all the week hands got shaken out and we can find the next support level.
Retaking $108 is definitely something to watch for.
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Pillar of the Community
United States
1260 Posts |
I saw the price had dropped this afternoon so I went to my LCS after work.
The price was $103 something at time of checkout, by the time I got home it was back to $107 something. As I type, it's still rising at $110.16 - just wild.
Had to amend that price twice while typing...
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Pillar of the Community
 Canada
5404 Posts |
Just a bit of a cautious approach ..found this a few minutes ago .
" Silver (XAGUSD:CUR) should be trading at half its current price later in 2026, said Marko Kolanovic, former chief strategist and co-head of Global Research at J. P. Morgan.
The precious metal reached a top of $113.25 per ounce on Monday before shooting back to around $104-$110. But, according to Kolanovic, this is the result of "meme traders attempting to take over the market." "
Sort of like GameStop a few years back !
Tread lightly metal heads!
Edited by Pacificoin
01/26/2026 8:29 pm
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Pillar of the Community
United States
1260 Posts |
Indeed, it has to come down eventually. I'm mostly buying coins being sold for melt or less at fractions of their numismatic value. I can only imagine the hoards that have been tossed to the pot as of late.
The bulk bins were never shiny at $30 or even $50/oz.
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Pillar of the Community
 United States
5870 Posts |
Looks like a bit more than a mere "dead cat bounce" with prices back up above $111 for the moment.
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Pillar of the Community
United States
1134 Posts |
Quote:
Looks like a bit more than a mere "dead cat bounce" with prices back up above $111 for the moment. "dead cat bounce" is just term used to describe when there's a sudden drop, then it finds support and tries to bounce, but it just continues to drop further. Silver did that today when it dropped from $117 to $108 then down to $103. The real bounce happened at $103, and now back above $108 so holding $108 is key, lest we go back to $100 again. Quote:
The price was $103 something at time of checkout, by the time I got home it was back to $107 something. As I type, it's still rising at $110.16 - just wild.
Had to amend that price twice while typing... Yup, the price is moving faster than we can post the last price. Just insane. Quote:
" Silver (XAGUSD:CUR) should be trading at half its current price later in 2026, said Marko Kolanovic, former chief strategist and co-head of Global Research at J. P. Morgan. Yeah there were a few articles today, that all coincidentally came out right after the drop, mentioning this Marko Kolanovic guy and his nonsense comparison to GameStop. They call guys like that "perma bears" but they usually appear right after they buy large short positions and now he's spreading fear. There's a reason why he's the former chief strategist at J. P. Morgan Edited by Harry213
01/26/2026 11:38 pm
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Bedrock of the Community
United States
25733 Posts |
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There's a reason why he's the former chief strategist at J. P. Morgan Thank you for adjusting my perspective, Harry. I was beginning to feel premonitions of dread... Inordinately fascinated by bits of metal with strange markings and figures
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Pillar of the Community
United States
1134 Posts |
Just remember that rumors are created for the sole purpose of manipulation. And that right now the implied volatility in Silver is up at around 90%, which technically means we could see swings as much as $20 in each direction. There are support and resistance levels that will possibly get hit and tested again, $103, $95, $108 are the nearest right now.
And speaking of former chiefs: Goldman Sacks just recently fired their chief of precious metals trading, one of the geniuses that shorted silver into this parabolic price increase, costing the bank millions.
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Valued Member
United States
81 Posts |
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Huge dump beginning at around 1:05 PM EST, could this be it? Nope, paper dump. COMEX = paper silver/gold. Real silver gold (and even COMEX now) are $110 again. Gold/Silver/Metals massive derivatives may start going away as reality sinks in. COMEX trades close to a years metal supply in a day. That is risky and impacts markets a lot. |
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Bedrock of the Community
United States
10601 Posts |
Gold almost reached $5100 but fell back a bit. Solver Silver hanging around $112 to $113.
Edited by Marv65
01/27/2026 03:06 am
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Pillar of the Community
United States
1134 Posts |
Physical silver prices are primarily set by the spot price, which is determined by global supply and demand, investor sentiment, and trading on futures exchanges like COMEX and LBMA.
Futures Markets: The COMEX (CME Group) and LBMA (London Bullion Market Association) establish the spot price via continuous trading and daily auctions. The final retail price of physical bullion includes the spot price plus premiums covering fabrication, distribution, and dealer markup.
Paper and physical prices both move in lock step with each other the only difference currently being the unusual "price spread" between them. If what's happening now continues eventually the paper silver price will completely disconnect from the physical price. This will be the SHTF moment AKA poop hitting the fan.
At which time you'll want to own the physical as everything else, including maybe fiat currency, would have turned worthless.
Edited by Harry213
01/27/2026 07:10 am
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Valued Member
United States
403 Posts |
Walking into work today I overheard 2 people on the maintenance staff discussing gold and silver. I wonder if that is a sign of the top.
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Moderator
United States
190135 Posts |
Good morning!   |
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Pillar of the Community
United States
1134 Posts |
Quote:
Walking into work today I overheard 2 people on the maintenance staff discussing gold and silver. I wonder if that is a sign of the top. There's been expressions similar to "when the cab driver starts talking to you about XYZ, that's when you know..." Well, sure there are some sheeple and John Doe's waking up now and chasing it. BUT, just because they are maintenance staff doesn't mean they aren't part of the 1% that's been buying/holding metals for years and understand the value of it not just in it for the hype. |
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Pillar of the Community
United States
1134 Posts |
Has anyone else noticed when you go to any of the big online bullion dealers, and even the United States Mint, that many of their silver products are marked "Out of Stock" or "Pre-Order" for delivery in late February? Everything from 1ounce bars to Silver Eagle's to 100 ounce bars, out of stock.
Don't get bamboozled out of your physical metals. Unless you need the money right now. The fear mongering will only get worse with the volatility, it's done deliberately, people will panic sell. Buy / sell all the paper you want, hold the metals.
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Posted 01/26/2026 8:20 pm
