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Moderator
 United States
190135 Posts |
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I'm not looking to buy or sell anything. I'm just along for the ride at this point, giggling with glee whenever they go higher.  Quote:
But that's just me... And me.  I think the $100 floor is solid and the $110 floor is getting set.  |
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Pillar of the Community
United States
1134 Posts |
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What do you mean "we"?
I primarily bought gold when it was under $2000 and silver when it was under $20 and right now I'm not looking to buy or sell anything. I'm just along for the ride at this point, giggling with glee whenever they go higher.
But that's just me... "We" are all the rest of the community members that read this forum and are still buying metals OR thinking about buying metals OR worried and about to "panic sell" based on a normal pullback or rumors they hear.. I bought ALL of my physical metals when silver was below $22 an ounce. I bought my last paper silver when paper silver was around $87 an ounce. I have nothing to worry or lament about if it drops, just another buying opportunity. That's just me.  |
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Pillar of the Community
United States
1134 Posts |
The sellers are definitely at around the $115 level, I can confirm that it flushed at that level twice today so far.  |
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Pillar of the Community
United States
1134 Posts |
$115 is getting rejected hard. Buyers may be exhausted. Sellers will smell blood and could grab the ball and pile on. Wouldn't be surprised if silver gets pushed back down to the lows today. |
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Pillar of the Community
United States
1134 Posts |
A healthy pull back and consolidation for a few weeks may be "just what the doctor ordered".
We've gone too high, too fast. A good week or two of sideways chop between $95 and $115 would also be welcomed by the dealers, refiners and small LCS's. They are all currently overwhelmed and having to buy back from customers at far below spot due to the volatility. Let the price stabilize and go back to moving at a normal pace.
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Pillar of the Community
 United States
5870 Posts |
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Wouldn't be surprised if silver gets pushed back down to the lows today. It's now back down to just under $112, so maybe? |
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Moderator
United States
190135 Posts |
I do not see it going below $110 any time soon.  |
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Pillar of the Community
United States
1134 Posts |
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It's now back down to just under $112, so maybe? It could be within the realm of possibilities that we go backwards and retest $110 and even $100, considering how exhausted the buyers are looking. Regarding the comments I made the other day about the "Shenanigans" that occurred after 1pm on the day silver hit an all time high of $117.; I am convinced that is where the short sellers are sitting at $115. If price falls back and let the sellers get exhausted a bit while buyers recover strength. Then maybe we could push through that wall.  |
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Moderator
United States
190135 Posts |
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Pillar of the Community
United States
1134 Posts |
Looks like the third try was a charm. Broke through $115  let's see if it keeps going  |
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Moderator
United States
190135 Posts |
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Looks like the third try was a charm.  |
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Pillar of the Community
United States
1134 Posts |
Almost at $117 we're storming the castle walls Breach, breach, breach, push, push, push,   |
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Pillar of the Community
United States
5870 Posts |
Well, APMEX now has gold at $5400 and silver back at $117, so it should only be a matter of minutes before the rest of the indices catch up... |
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Pillar of the Community
United States
1134 Posts |
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If price falls back and let the sellers get exhausted a bit while buyers recover strength. Then maybe we could push through that wall. That last push through $115 was just epic to watch as it happened. The way it pulled back from $115 to $110, just like a giant sling shot, and then launched from $111 to $117 in one continuous push, was worthy of 3 bags of pop corn. Everytime I think it's time for a rest, it just gets back up and runs. Whatever is causing this insane run is like nothing we've ever seen before. |
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Pillar of the Community
United States
5870 Posts |
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so it should only be a matter of minutes before the rest of the indices catch up... Hmmmm... Looks like I'm the one who jinxed things this time. Sorry about that! |
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Replies: 2,828 / Views: 91,684 |
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Posted 01/28/2026 11:53 am
