Domain: tiger-web1.srvr.media3.us Silver Bugs thread: Silver up 12% for the week on Black Friday started the journey | Page 38 | Money Talk
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re: Silver Bugs thread: Silver up 12% for the week on Black Friday started the journey

Posted on 1/26/26 at 11:28 am to
Posted by THRILLHO
Metry, LA
Member since Apr 2006
50329 posts
Posted on 1/26/26 at 11:28 am to
Posted by THRILLHO
Metry, LA
Member since Apr 2006
50329 posts
Posted on 1/26/26 at 11:29 am to
quote:

I would also consider going after miners at this point instead of the base metal and I would look into Mining Stock Monkey or one of the many others like Rick Rule who provide insights into their portfolios and analysis (for a fee of course) but you will likely make that back many times over.


Just did that. Thanks.
Posted by Kjnstkmn
Vermilion Parish
Member since Aug 2020
21052 posts
Posted on 1/26/26 at 11:32 am to
Posted by Pimphand
Member since Sep 2021
4657 posts
Posted on 1/26/26 at 11:34 am to
Posted by Kjnstkmn
Vermilion Parish
Member since Aug 2020
21052 posts
Posted on 1/26/26 at 12:10 pm to
Posted by Pimphand
Member since Sep 2021
4657 posts
Posted on 1/26/26 at 12:11 pm to
Got all the way up to $117.7285 before the pullback finally kicked in.
Posted by Lsut81
Member since Jun 2005
84223 posts
Posted on 1/26/26 at 12:14 pm to
Still sitting at 116.... whats the driver today? I mean, its been normal 2-3% days adn today is over 10%.
Posted by BigBinBR
Baton Rouge
Member since Mar 2023
9832 posts
Posted on 1/26/26 at 12:15 pm to
quote:

I’ll tell you this though, I’m not Selling. I don’t have a ton of conviction as to where the price will be in three months or six months. I do have a lot of conviction that the price will be higher than it currently is in five years.


This is where I am at. I told everyone that I would sell at least half when it got to $50 since i would have been at 2.5x my initial purchase. I was lazy and didn't go through with it last year. Now I am going to ride it out.
Posted by Pimphand
Member since Sep 2021
4657 posts
Posted on 1/26/26 at 12:29 pm to
quote:

whats the driver today?


Pretty sure it's the likelihood of the government shutdown on Friday. That was what J Bravo was chirping about last night when he was saying it was possible for silver to hit $150 by week end.

Posted by TigerTatorTots
The Safeshore
Member since Jul 2009
82148 posts
Posted on 1/26/26 at 12:41 pm to
When charts look parabolic, that means the top is LIKELY to be near. This chart looks parabolic. Hard assets are usually always a good buy with a long term focus. I'd stay away if I was a short term buyer though
Posted by Kjnstkmn
Vermilion Parish
Member since Aug 2020
21052 posts
Posted on 1/26/26 at 12:56 pm to
Posted by mule74
Watersound Beach
Member since Nov 2004
12663 posts
Posted on 1/26/26 at 1:05 pm to
We may see a hard pullback to $100 this afternoon. A 30% move in two days is just too much even for this rally.
Posted by THRILLHO
Metry, LA
Member since Apr 2006
50329 posts
Posted on 1/26/26 at 1:07 pm to
quote:

When charts look parabolic, that means the top is LIKELY to be near. This chart looks parabolic.


Posted by Kjnstkmn
Vermilion Parish
Member since Aug 2020
21052 posts
Posted on 1/26/26 at 1:16 pm to
quote:

Pullback


Could be, already pulled back from $117 to $111.

No care, HODLing




Also, Shanghai is the real physical price, COMEX = paper frickery

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This post was edited on 1/26/26 at 1:18 pm
Posted by beaverfever
Arkansas
Member since Jan 2008
35825 posts
Posted on 1/26/26 at 2:58 pm to
Today cleared out some of the retail tourists. The psychos are still riding
Posted by Pimphand
Member since Sep 2021
4657 posts
Posted on 1/26/26 at 2:59 pm to
Here is Willem Middelkoop talking about that on Kitco Mining yesterday as part of the VRICs conference.

Posted by beaverfever
Arkansas
Member since Jan 2008
35825 posts
Posted on 1/26/26 at 3:05 pm to
Every time I hear “how high can it go?” I get irritated. It goes up forever!
Posted by Pimphand
Member since Sep 2021
4657 posts
Posted on 1/26/26 at 3:32 pm to
We are on the verge of closing the day pretty close to the open at this point having gained $14 and given it all back going to be one weird looking doji candle for sure.

Edit: Looks like we'll close red actually at this rate
This post was edited on 1/26/26 at 3:37 pm
Posted by beaverfever
Arkansas
Member since Jan 2008
35825 posts
Posted on 1/26/26 at 3:48 pm to
At 117 or whatever I was getting a little uncomfortable. Classic setup to dump viciously and then resume the bull.
Posted by Bard
Definitely NOT an admin
Member since Oct 2008
58556 posts
Posted on 1/26/26 at 3:54 pm to
quote:

The question will be, what is an exit point or at least the time to unload a portion of..


Excellent question, but no one really knows the answer to it as we're in an unprecedented time with silver being in high demand for data centers and the largest silver exporter in the world putting up a toll booth for silver exports. So we had (and continue to have) a big jump in demand and then supply gets constrained.

I think the early adopter buyers were those who bought up until late November/Mid-December and we're now in FOMO Buyer season. No idea how long that will last, but realistically I don't think $150-$180 is out of the question. I've seen prognosticators saying $300 or more, but for me it's waaaaaaaay too early to go that long on it.

Gold and silver have traditionally been hedges against inflation, with trillion-dollar-plus deficits projected as far as projections go I don't think demand from the hedge and tech sectors are going to drop enough for it to go to below $70 for a long time (outside of some sort of very large, unexpected event), if ever.
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