- JP Morgan predicted a 50% silver price crash one day before a historic 30% drop.
- The XAG/USD index crashed to $75, erasing most yearly gains.
- JP Morgan analyst attributed the surge to speculative trading, likening it to meme currency frenzy.
- Despite silver bearishness, JP Morgan forecasts Gold to reach $8,000 by the end of the decade.
Just a day before silver’s historic crash, JP Morgan JPMorgan-strategist-warns-of-50-drop’>warned that prices could be cut in half. On January 27, 2026, former chief strategist Marko Kolanovic issued this dire prediction.
Just two days later, the XAG/USD index crashed 30% on Friday, reaching a low of $75. This plunge erased most of the year’s gains for silver.
Kolanovic argued that the price surge was not due to fundamentals but had traces of speculative trading. He compared its rise to the meme currency market frenzy.
The JP Morgan strategist described the rally as “meme traders attempting to take over the market.” Consequently, he labeled the current trend “unsustainable.”
However, silver prices fell by 30% and not by the full 50% predicted. If weakness persists, the 50% crash could still materialize.
Meanwhile, JP Morgan remains bullish on gold, projecting prices to reach $8,000 by the end of the decade. This forecast suggests a 65% surge in the next five years.
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