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

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JohnQPublic's Avatar
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 Posted 02/05/2026  09:51 am  Show Profile   Bookmark this reply Add JohnQPublic to your friends list Get a Link to this Reply
COMEX, Shanghai, and India are starting to coalesce at a closer point (Shanghai and India still higher than COMEX). I suspect the silver shortage still exists, so hopefully the price stays reasonable then starts moving up again.
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machine20's Avatar
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 Posted 02/05/2026  11:15 am  Show Profile   Bookmark this reply Add machine20 to your friends list Get a Link to this Reply
like thieves in the night
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barryg's Avatar
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5889 Posts
 Posted 02/05/2026  11:26 am  Show Profile   Bookmark this reply Add barryg to your friends list Get a Link to this Reply
Some insights from goldsilver.com:

Quote:
Silver Slides as Risk Appetite Cracks

Silver took a sharp hit today, falling more than gold as selling pressure swept through metals markets. The move wasn't driven by supply or demand. It was driven by sentiment. As broader markets wobbled, traders cut exposure to anything seen as volatile or leveraged. Silver, which trades like both a precious and industrial metal, often feels that pressure first.

What stood out was the speed of the decline. Silver has rallied hard over the past year, and crowded positioning left little margin for error. When liquidity tightens, silver's higher volatility works in reverse. Small shifts in risk appetite can trigger outsized moves.

For long-term investors, this drop says more about positioning than fundamentals. Industrial demand tied to electrification and solar remains intact. But episodes like this are a reminder: silver is not gold. In periods of stress, it trades less like a safe haven and more like a risk asset.
.
.
.
Markets Show Classic "Risk-Off" Behavior

Today's price action felt familiar. High-beta assets sold off, crypto prices fell, and silver weakened alongside broader market unease. This kind of synchronized move usually signals a shift in risk perception, not a reaction to one headline.

When markets turn risk-off, correlations rise. Assets that normally trade on different fundamentals start moving together. Portfolios are de-risked. Cash is raised. Leverage is cut. Volatility spikes where positioning is crowded.

Gold's relative stability during these episodes is what often pulls it back into focus. It doesn't always surge right away. But it tends to hold its ground while more speculative assets swing sharply. That contrast explains why gold keeps a distinct role in portfolios when financial conditions tighten and risk tolerance fades.

Uncertainty, Not Crisis, Is Driving the Selloff

It's important to separate panic from uncertainty. Today's moves don't point to a systemic crisis, at least not yet. Instead, markets are struggling to price the next phase of the cycle. Rates remain high. Growth is slowing. Investors are rethinking which assets truly offer protection.

That backdrop is hostile to assets driven by momentum, leverage, or confidence. It is more forgiving to assets backed by balance-sheet strength and long-term purchasing power. Markets are less focused on upside narratives and more focused on resilience.

Gold and silver don't move in straight lines, and days like this can be volatile. But periods of uncertainty often clarify their role. Not as short-term trades, but as anchors. Markets aren't breaking. They're recalibrating. And that process is rarely calm or orderly.


And in other news, from Reuters:

Quote:
Meanwhile, JP Morgan said in a note that gold and silver are unlikely to fully decouple, but relatively rich silver valuations leave it vulnerable to outsized corrections in risk-off sessions, even as the bank sees a higher near-term floor around $75-$80 and a recovery toward $90 next year.
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jbuck's Avatar
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Harry213's Avatar
United States
1146 Posts
 Posted 02/05/2026  12:10 pm  Show Profile   Bookmark this reply Add Harry213 to your friends list Get a Link to this Reply

Quote:
JPMorgan to pay $920 mln for manipulating precious metals, treasury market......
By Abhishek Manikandan and Michelle Price
September 29, 20203:07 PM EDT



Quote:
Goldman Sachs, HSBC & Others to Pay $20M Over Metal Trading Probe.......
Riya Anand
August 27, 2024 2 min read


Has anyone checked on JP Morgan, HSBC, Goldman Sachs, BASFY and ICBC Standard Bank to see what they were doing last night?



Not that we don't have complete faith and trust in the big banks or would ever suspect they could ever even dream to conspire to do anything shady or nothing.. right?

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Harry213's Avatar
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 Posted 02/05/2026  12:25 pm  Show Profile   Bookmark this reply Add Harry213 to your friends list Get a Link to this Reply
The VIX volatility index aka the "fear gauge" dropped and my consumer staples is selling off so maybe we'll start to recover a little now?
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psuman08's Avatar
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 Posted 02/05/2026  12:28 pm  Show Profile   Bookmark this reply Add psuman08 to your friends list Get a Link to this Reply
Not sure if this is accurate, but read this is the silver outlook for 2026:

Goldman Sachs $85-100
UBS $85-105
Citi $110
Saxo Bank $90
Bank of America $65
JPM $50

Thought that JPM closed its short and was long silver now. I need to put on my tinfoil hat to understand how a silver shortfall leads to lower prices.

Manipulation is real. I see it in a stock I own that JPM has destroyed the price via their rating. Meanwhile, I can see that they have acquired 10s of millions of shares on the way down. Why would they be purchasing a stock that their research suggest will go down another 20%?

Same is happening with paper silver.
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NDBirdman's Avatar
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 Posted 02/05/2026  12:38 pm  Show Profile   Bookmark this reply Add NDBirdman to your friends list Get a Link to this Reply
Thank-you Barryg... now I can't get that song out of my head....
Edited by NDBirdman
02/05/2026 12:38 pm
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JohnQPublic's Avatar
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 Posted 02/05/2026  1:30 pm  Show Profile   Bookmark this reply Add JohnQPublic to your friends list Get a Link to this Reply
Looks like Shanghai-COMEX could stabilize around $80. If that happens the arbitrage trade ends. Still, the silver shortage may still exist...
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VasoB's Avatar
United States
35 Posts
 Posted 02/05/2026  3:32 pm  Show Profile   Bookmark this reply Add VasoB to your friends list Get a Link to this Reply

Quote:
Thought that JPM closed its short and was long silver now. I need to put on my tinfoil hat to understand how a silver shortfall leads to lower prices.


That is what I read too. They closed their short positions in December and went long with the largest physical silver position in the world. So unless they sold it, they are lying so that they can keep accumulating.
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jbuck's Avatar
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 Posted 02/05/2026  3:52 pm  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply
They are testing that $70 support level or floor or whatever it is you believe $70 is to silver.
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barryg's Avatar
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 Posted 02/05/2026  3:57 pm  Show Profile   Bookmark this reply Add barryg to your friends list Get a Link to this Reply
Got that 60s soundtrack ready to go, jbuck? I'm thinking some Beatles, maybe a little Beach Boys...
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jbuck's Avatar
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 Posted 02/05/2026  4:33 pm  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply
Not gonna do it. Wouldn't be prudent. Not at this juncture.
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barryg's Avatar
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 Posted 02/05/2026  4:50 pm  Show Profile   Bookmark this reply Add barryg to your friends list Get a Link to this Reply
Ach, my poor wee asymptote:

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

Cut off in the prime of life. We hardly knew ye...
Edited by barryg
02/05/2026 4:51 pm
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jbuck's Avatar
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 Posted 02/05/2026  4:53 pm  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply

Quote:
Cut off in the prime of life. We hardly knew ye...
I will pour one out tonight.

Meanwhile...

Low today is $70.83!

I wonder what I will see tomorrow morning after my eight hours sleep.
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