This is an accurate run down. Plus the RSI, a measure of speculative juices got too high at 82 (see chart below). Post swoon it is now 46. Many of the silver mining stocks never reflected $100, but more like $50.
Silver ended the day down over 28.54%
Here’s why Silver / $SLV crashed today:
Jan 13th: CME shifted from fixed-dollar margin to percentage based margin.
This scaled collat requirements with contract value, effectively capping leverage as it goes higher.
The capital required… https://t.co/IqogHfV4RB pic.twitter.com/VxQGJM3IPN
— Serenity (@aleabitoreddit) January 30, 2026
SLV is the big ETF. It trades about $8 below spot silver. For a true wash out price I would like to see RSI a little lower toward 35, and silver about $8 lower to the 50 day moving average at $67 or $75 spot silver. It may need to form a bull flag at that level.
50 day MA on gold is about $350 lower. RSI fell from a lofty 88 to 57. That’s needs to get lower.
Update:
🚨JP MORGAN CLOSED 3.17 MILLION OZ OF SILVER SHORTS EXACTLY AT THE BOTTOM OF FRIDAY’S SILVER CRASH!!🚨
⚡️JPM Issued ALL 633 of Friday’s #Silver Delivery Notices at a Settlement of $78.29!!! ⚡️#silvercrash #SilverPrice https://t.co/7FA13jT5VS pic.twitter.com/WiR3gVlRay
— SilverTrade (@silvertrade) February 1, 2026
For the strong hands here….
Jon AG – $90 TRAP. JM Bullion ‘Down’ & LBMA Offline While Silver Crashes (Don’t Be Fooled) [26mins]
https://www.youtube.com/watch?v=d9NPF0nAnPU
This guy knows what he’s talking about……. deep, deep knowledge and understanding of the physical-paper silver markets and their place in the emerging macro-geopolitical framework.
China Silver Price Chart – Shanghai Premium over New York Spot
https://metalcharts.org/shanghai
It looks like a small correction in Shanghai (see 1. above) in connection with the trading halt there.
Gold to Silver Ratio is at extreme level (circa 60) but has been even lower in 2011 & 1980.
Gold to Silver Ratio – 100 Year Historical Chart
https://www.macrotrends.net/1441/gold
Silver daily (Comex futures) – OUCH !!
Silver monthly (Comex futures) – UGLY CANDLE !!
EITHER this candle is negated by silver closing above 95 next month (halfway up the candle, I’ve seen it done before in the miners) OR whiplashes to circa 20 USD ‘measured move’ (which I find hard to believe considering the monthly EMAs, nevertheless the monthly RSI is very stretched).
Perhaps whiplash and recovery above 105 USD in coming days.
Time will tell !!
“YOU PAYS YOUR MONEY AND YOU TAKES YOUR CHOICE/CHANCE”
Peace, love, out
:))P