Silver Dropped to Under $100 - Will it continue?

Goob · January 30, 2026 8:57AM

I recently checked the price of silver and It has officially dropped down to under $100 per ounce. Do you guys think this trend will continue or will silver rise back up? (Gold is also dropping and is close to being under $5000!)

johnny9434 · January 30, 2026 9:26AM

yes

Proofmorgan · January 30, 2026 9:27AM

I think next week will be telling. Either it climbs back or turns down for a while.

Goob · January 30, 2026 10:02AM

@Proofmorgan said:
I think next week will be telling. Either it climbs back or turns down for a while.

Pretty fair point
I will say though, I have been keeping an eye on silver throughout the day and it is definitely going down a lot. Current price is $94.44, which is far less than I've seen earlier this week!

MsMorrisine · January 30, 2026 10:12AM

yes

Goob · January 30, 2026 11:11AM

Under $90 now...

jmlanzaf · January 30, 2026 11:15AM

I'm very excited. I hope I don't get too many ebay returns. Lol

Goob · January 30, 2026 11:17AM

@jmlanzaf said:
I'm very excited. I hope I don't get too many ebay returns. Lol

True that lol
I'm mainly excited because I'll be able to afford more stuff now...
If gold goes down enough I might consider purchasing my first US gold coin, probably a quarter eagle

EDIT: I just checked, gold JUST dropped below 5000, and is around 4.8k

jmlanzaf · January 30, 2026 11:20AM

Below 80!!! Faster move than I expected

Goob · January 30, 2026 11:21AM

@jmlanzaf said:
Below 80!!! Faster move than I expected

That makes me wonder if it'll go back to the $30 to $35 area... Either way, I'm pleased!

pdoidoi · January 30, 2026 11:51AM

back up over $80

HATTRICK · January 30, 2026 12:58PM

@Proofmorgan said:
I think next week will be telling. Either it climbs back or turns down

The unwinding has begun. That dead cat will hit solid rock. There will be no bounce.🙀😿

blitzdude · January 30, 2026 2:54PM

yes. THKS!

MsMorrisine · January 30, 2026 5:41PM

keep saving your money. it's going down a lot more from here

toadstrangler · January 30, 2026 5:48PM

doubtful

Bayard1908 · February 1, 2026 9:27AM

New all time high before the 4th of July.

jmski52 · February 1, 2026 10:12AM

I don't think that this is the kind of market that will be kind to traders.

Goob · February 1, 2026 10:13AM

@Bayard1908 said:
New all time high before the 4th of July.

That is certainly a possibility!

fathom · February 1, 2026 10:28AM

I do not see a bounce.

The good news for retailers if they can get through this mess is the margins will creep up.

JimTyler · February 1, 2026 1:23PM

@Bayard1908 said:
New all time high before the 4th of July.

That’s the corn is knee high by 4th of July

GoldFinger1969 · February 1, 2026 8:22PM

"But the gains have taken on a more frenzied pace in recent weeks, driven by a wave of buying from Chinese speculators — from individual investors to large equity funds venturing into commodities — that has lifted metals from copper to silver to fresh records. As prices surged, trend-following commodity trading advisors piled in, adding more froth to the rally.

“We had identified about three or four weeks ago that it turned into a momentum trade, not a fundamental trade,” said Jay Hatfield, chief investment officer at hedge fund Infrastructure Capital Advisors. “We were just riding it, waiting for this type of thing to happen.”

derryb · February 1, 2026 8:56PM

bottom at $75?

MsMorrisine · February 1, 2026 9:39PM

it hit 74 even on friday

derryb · February 1, 2026 9:42PM

@MsMorrisine said:
it hit 74 even on friday

close enough.

jmlanzaf · February 1, 2026 10:44PM

@MsMorrisine said:
it hit 74 even on friday

Testing 75 again right now. If 75 fails, the bottom is more likely 50.

Rarity · February 1, 2026 11:50PM

Even though the future spot price is $75, dealers are selling 1 ounce for $88.

Goldminers · February 2, 2026 1:37AM

The lowest cost uncirculated silver eagle at the US Mint is $169 and proofs are $173.
How many do you think they will sell? LOL

BLUEJAYWAY · February 2, 2026 4:12AM

@Goldminers said:
The lowest cost uncirculated silver eagle at the US Mint is $169 and proofs are $173.
How many do you think they will sell? LOL

I would hazard a guess they really don't care. Not as much as a for profit business in the private sector world would. They can sit on them indefinitely.

Goob · February 2, 2026 5:28AM

@MsMorrisine said:
it hit 74 even on friday

Dropped to just over $72 earlier today, supposedly; back up to over $80, though

jmski52 · February 2, 2026 5:56AM

Silver @ $83.03 and it is in backwardation. Futures = $82.60

jmski52 · February 2, 2026 6:10AM

Now it has flipflopped to contango with Silver @ $82.37 vs. futures @ $82.64

Raptormaniacs · February 2, 2026 6:23AM

I expect wild ups and downs for the next year and a half. Last week was just a taste of what’s to come.

You heard it here first….

TwoSides2aCoin · February 2, 2026 6:50AM

@MsMorrisine said:
keep saving your money. it's going down a lot more from here

Why? Those who missed buying at $15 are the same who missed $20, and $25 and $30 and so on and so forth. Keep saving your money as it evaporates, you mean ?

TwoSides2aCoin · February 2, 2026 6:54AM

@Goldminers said:
The lowest cost uncirculated silver eagle at the US Mint is $169 and proofs are $173.
How many do you think they will sell? LOL

Bullion rarities in the making

jmlanzaf · February 2, 2026 7:23AM

@TwoSides2aCoin said:

@MsMorrisine said:
keep saving your money. it's going down a lot more from here

Why? Those who missed buying at $15 are the same who missed $20, and $25 and $30 and so on and so forth. Keep saving your money as it evaporates, you mean ?

There's not a lot of point in jumping in at 80 if it's going to 50. That won't make up for not buying at 20.

carew4me · February 2, 2026 7:43AM

Is this not the CONSOLIDATION that everyone said was needed in order to plateau higher in 2026?

toadstrangler · February 2, 2026 7:52AM

@carew4me said:
Is this not the CONSOLIDATION that everyone said was needed in order to plateau higher in 2026?

Nah I would think that a consolidation needs to be measured in weeks or months of stability.

derryb · February 2, 2026 8:09AM

@carew4me said:
Is this not the CONSOLIDATION that everyone said was needed in order to plateau higher in 2026?

I doubt this makes the market stronger or more solid. It has created much uncertainty.

TwoSides2aCoin · February 2, 2026 8:20AM

@jmlanzaf said:

@TwoSides2aCoin said:

@MsMorrisine said:
keep saving your money. it's going down a lot more from here

Why? Those who missed buying at $15 are the same who missed $20, and $25 and $30 and so on and so forth. Keep saving your money as it evaporates, you mean ?

There's not a lot of point in jumping in at 80 if it's going to 50. That won't make up for not buying at 20.

For those with that mindset, I highly advise staying out of the field altogether.

jmlanzaf · February 2, 2026 8:26AM

@TwoSides2aCoin said:

@jmlanzaf said:

@TwoSides2aCoin said:

@MsMorrisine said:
keep saving your money. it's going down a lot more from here

Why? Those who missed buying at $15 are the same who missed $20, and $25 and $30 and so on and so forth. Keep saving your money as it evaporates, you mean ?

There's not a lot of point in jumping in at 80 if it's going to 50. That won't make up for not buying at 20.

For those with that mindset, I highly advise staying out of the field altogether.

For anyone who wants to buy it while believing it's dropping, I recommend medical intervention.

TwoSides2aCoin · February 2, 2026 8:27AM

Yes medical intervention may help intercede for those with such thinking.

jmski52 · February 2, 2026 8:54AM

The lowest cost uncirculated silver eagle at the US Mint is $169 and proofs are $173.
How many do you think they will sell? LOL

I'm not so sure that the Mint wants to sell silver coins now.

I doubt this makes the market stronger or more solid. It has created much uncertainty.

That might be the point.

There's not a lot of point in jumping in at 80 if it's going to 50. That won't make up for not buying at 20.

The problem with some of the posters here is that they are convinced that "jumping" in and out of the market has some advantage over dollar cost averaging. Nobody is right every time.

GoldFinger1969 · February 2, 2026 8:56AM

@Goldminers said:
The lowest cost uncirculated silver eagle at the US Mint is $169 and proofs are $173.
How many do you think they will sell? LOL

Can you buy those direct from the Mint ? I thought you had to get them from the distributors.

I agree with your point about the cost. For a plain silver coin, 2x the price of silver is nuts. I do think the Proof is a better bargain, for whatever that is worth.

jmski52 · February 2, 2026 9:03AM

Can you buy those direct from the Mint ? I thought you had to get them from the distributors."

"Collector Bullion" is sold directly from the Mint at an obscene premium. Regular bullion is sold via distributors.

derryb · February 2, 2026 10:42AM

@GoldFinger1969 said:

@Goldminers said:
The lowest cost uncirculated silver eagle at the US Mint is $169 and proofs are $173.
How many do you think they will sell? LOL

Can you buy those direct from the Mint ? I thought you had to get them from the distributors.

I agree with your point about the cost. For a plain silver coin, 2x the price of silver is nuts. I do think the Proof is a better bargain, for whatever that is worth.

Mint pricing is based on a matrix that is based on spot. Repricing does not take place daily and the prices you quote will drop accordingly when the next repricing takes place.

OPA · February 2, 2026 11:01AM

@derryb said:

@GoldFinger1969 said:

@Goldminers said:
The lowest cost uncirculated silver eagle at the US Mint is $169 and proofs are $173.
How many do you think they will sell? LOL

Can you buy those direct from the Mint ? I thought you had to get them from the distributors.

I agree with your point about the cost. For a plain silver coin, 2x the price of silver is nuts. I do think the Proof is a better bargain, for whatever that is worth.

Mint pricing is based on a matrix that is based on spot. Repricing does not take place daily and the prices you quote will drop accordingly when the next repricing takes place.

And it will be a substantial drop in price.

carew4me · February 2, 2026 11:10AM

@derryb said:

@carew4me said:
Is this not the CONSOLIDATION that everyone said was needed in order to plateau higher in 2026?

I doubt this makes the market stronger or more solid. It has created much uncertainty.

The parabolic rocket ride straight up was neither and indication of strength or evidence of a solid foundation.

pmh1nic · February 2, 2026 11:20AM

@Raptormaniacs said:
I expect wild ups and downs for the next year and a half. Last week was just a taste of what’s to come.

You heard it here first….

I think what we’ve witnessed over the last couple of months is going to dissuade the average stacker from jumping in over the short term while wild fluctuations occur. Beyond that, what are refiners thinking if they purchased substantial silver when it was over $80. How about the businesses that sold to refineries when the price was $110 and at that point the refinery would only pay the price in place when they actually process the metal.

GoldFinger1969 · February 2, 2026 12:00PM

FWIW, JP Morgan -- or rather, analysts who WORK at JPM -- are bullish on gold and looking for $6,300. Less bullish on silver but they see support in the $75-$80 range.

Doesn't sound to me like they're manipulating prices.

GoldFinger1969 · February 2, 2026 12:01PM

Refiners were paying less than spot silver for months.....so they are well-protected even if they didn't hedge.

toadstrangler · February 2, 2026 12:13PM

@GoldFinger1969 said:
FWIW, JP Morgan -- or rather, analysts who WORK at JPM -- are bullish on gold and looking for $6,300. Less bullish on silver but they see support in the $75-$80 range.

Doesn't sound to me like they're manipulating prices.

75-80 sounds like plausible consolidation level IMO...

Silver Dropped to Under $100 - Will it continue?

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