Silver Could Fall to $50 an Ounce and Stay Between $50-$84 for Years, McGlone Warns - News and Statistics - IndexBox

AI desk brief

Bloomberg Intelligence’s Mike McGlone warned silver could fall back to $50/oz in the near term and remain trapped in a wide $50-$84/oz range for years, with spot quoted at $59.11/oz, down nearly 2% on the day. He argues the post-rally setup looks like prior silver blowoffs, with 260-day volatility at 5.1x the S&P 500 and a 10-year mean-reversion level around $31/oz, while saying sentiment may not fully repair unless silver can reclaim and hold above $84/oz.

McGlone’s bearish call extends to gold, where he expects eventual weakness below $4,000/oz. He links year-end headwinds to the highest U.S. Treasury 5-year yields in two decades, with oil’s 2026 bounce contributing to the rate pressure.