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 Replies: 2,837 / Views: 92,560 |
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Pillar of the Community
 United States
5878 Posts |
If this keeps up, we may need to rename this thread to "Is Silver Ready To Drop Back to $50"...  |
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Moderator
 United States
190448 Posts |
Quote:
If this keeps up, we may need to rename this thread to "Is Silver Ready To Drop Back to $50"..  But that is not gonna happen for the same reason why I did not edit this topic title to add "NOT!"  Ten years from now we look back at this topic with nostalgia when silver is well above $200.  |
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Moderator
United States
190448 Posts |
Looks like the $90 floor price level is being tested.  |
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Pillar of the Community
United States
2874 Posts |
After the tremendous run silvers been on, this isn't exactly unexpected.
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Moderator
United States
190448 Posts |
Of course, I am sure we all knew it was coming.  |
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Pillar of the Community
United States
1136 Posts |
 Yup, the big (necessary) pullback was in the cards this whole time. Everyone expected it to occur at $100. I expected it to happen at $125, and I posted about it here. I don't have time to go back and search for the quote but its there. The pullback actually started around $121 In my opinion this was needed, and price discovery will occur soon and we'll stabilize and go from there. |
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Pillar of the Community
United States
1136 Posts |
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Last night's low was $95 on silver futures.
Just as expected. Good thing I'm off work today and can focus on trading.
I'll be looking to nibble some if it comes back down to $95 again Quote:
Today I'll be selling my IBIT Crypto ETF position and may be redeploying the money into more mining stocks or silver or both. So, I did as I planned, sold my IBIT and traded it in for a little more SLV when silver was around $93.8'ish Now to just wait and see. Gotta go take the wife to the dentist so I'll be watching this play out from mobile. |
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Pillar of the Community
United States
2874 Posts |
Yeah, but I missed my opportunity to buy Puts.  Plan B.... buy the dips.  |
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Pillar of the Community
United States
5878 Posts |
Looks like we are approaching that $90 floor. Here's hoping there's no trap door anywhere on it...
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Bedrock of the Community
United States
11923 Posts |
Does it bounce up from here after the hype?  IN NECESSARIIS UNITAS - IN DUBIIS LIBERTAS - IN OMNIBUS CARITAS THE MAN IN THE ARENA, Theodore Roosevelt at the Sorbonne Paris on April 23, 1910: " It is not the critic who counts; not the man who points out how the strong man stumbles or where the doer of deeds could have done better. The credit belongs to the man who is actually in the arena, whose face is marred by dust and sweat and blood, who strives valiantly, who errs and comes up short again and again, because there is no effort without error or shortcoming, but who knows the great enthusiasms, the great devotions, who spends himself in a worthy cause; who, at the best, knows, in the end, the triumph of high achievement, and who, at the worst, if he fails, at least he fails while daring greatly, so that his place shall never be with those cold and timid souls who knew neither victory nor defeat." My coin website: https://fairfaxcoins.com |
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Pillar of the Community
 United States
6617 Posts |
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Yup, the big (necessary) pullback was in the cards this whole time. Everyone expected it to occur at $100. I have always found it amazing that despite all the sophisticated computer tools and space age analysis techniques available, profit-taking still frequently happens at big round numbers like $50, 100, 200. We are, after all, still humans. =) It's like when Dogbert scares people about the Y2K. It's biiiig and ROUND. =P |
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Bedrock of the Community
United States
25831 Posts |
My strategy of "Buy high, sell low" is working flawlessly!
Inordinately fascinated by bits of metal with strange markings and figures
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Pillar of the Community
United States
2874 Posts |
Just flush this out all the way to $60 & get it over with.... one and done.
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Pillar of the Community
United States
5878 Posts |
Crap, down to $85...  |
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Pillar of the Community
United States
2874 Posts |
I think we'll see one heck of a bounce, I'm so tempted to buy OTM Calls that expire next week. By next Friday, we'll be back $110-$115. |
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Replies: 2,837 / Views: 92,560 |
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Posted 01/30/2026 11:38 am
