The decline of gold and silver on Friday, January 30, 2026 was massive, 10% and 28% respectively. Typically, when silver falls this far and fast, it will be a while before silver reaches new highs. That's because buyers who bought above the closing price on Friday may be selling to minimize or or eliminate losses. If SLV bounces significantly today, I plan to sell some of the position into the rally. I will consider selling GLD also, if it bounces.
If SLV and GLD do not bounce, I will consider scaling out over the next couple weeks, since it may indicate further declines are coming.
This is not financial nor investment advice. Please consult a professional advisor.
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