I’m sure that this article will have me tarred, feathered, declared unfaithful, a heretic, and banned from going to precious metals conventions for the remainder of my natural life.
However, I must state the following:
Silver prices are about to crash 20% at a minimum.
Now that the dramatic entrance is over with, please here me out as to why this silverbug truly believes a correction of size and impact is not only due, but way overdue and will result in a shocking result for 2026.
First, let’s review the bull case these pages made in the ever infamous (and not really read enough) JohnGaltFLA’s 2025 Drunken Predictions where this author stated the following:
Silver finally starts to roll finishing the year around $48 per ounce with a $20 range up and down from that target.
So far, so good, right?
I nailed the high and then some. I said it could trade upwards of $20 higher from there and yes Virginia, Santa Silver Claus is almost there. We flirted in the high $20 range for a while also but by golly if we are not still on target for this year’s prediction.
But wait, you said all that without a chart and why in the world would I issue a warning about a “crash”, well, ok, correction now?
Let’s take a peak at a chart for some perspective courtesy of TradingView.com:
A mild correction to us old salts who survived and flourished during the Hunt Brothers fiasco but for the newbies, a painful reminder that profits can and will be taken when one least expects it.
The major banks who held short positions in silver, often allegedly naked shorts, are not going to go into year end eating losses so any paring of those losses by pushing prices down is always in the cards. This excerpt from a Times of India article on silver’s amazing run should provide some perspective:
Silver has surpassed Microsoft to claim the spot of fifth-largest asset globally by market capitalisation, establishing a significant milestone for this precious metal. The performance of silver in 2025 has been notable. The metal has experienced a substantial increase of over 115% from its price of approximately $29 per ounce at the beginning of the year.
The metal’s total market value reached $3.593 trillion after crossing $63 per ounce, marginally surpassing Microsoft’s $3.59 trillion valuation, according to an ET report. The recent advancement positions silver ahead of both Microsoft and Amazon, with the latter valued at $2.46 trillion. However, it remains behind Alphabet, which maintains a market capitalisation of approximately $3.8 trillion.
While this might seem impressive, all it will take is some manipulation from the London and COMEX markets and boom, down the dominoes will fall. Odds are it will happen soon in concert with an attack on the gold bugs and one last attempt to rally the US dollar before it collapses into a puddle of muck by the middle of next year.
Wait, what? That’s right, the day the dollar died may not happen but next year might just be the one image of it dragging it’s broken legs across the interstate like a possum hit by a semi truck.
So silverbugs, fear not, I have not lost my way, my faith, nor my belief in precious metals. I have been stacking since 2002 and really stacked heavily in 2006-2007 in preparation for the near miss on the collapse of the financial system.
To find out where these pages believe gold, silver, and many other prices might end up in 2026, my readers will have to return late on December 26th as my drunken predictions are published for one and all to read.
