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<p>Silver is worth around $59 per ounce, well below the levels that dominated the market conversation earlier this year.</p>
<p>Analyst Fthegurus is using that decline to revisit a call he made on February 17, when silver was near $90. At the time, he said the metal would not trade at $100 again in 2026 and pushed back against calls for $200 silver.</p>
<p>That part of his forecast has held so far.</p>
<p>From roughly $90 to $59, silver has fallen about 34%.</p>
<p>Now he is taking the opposite side of the debate again. Instead of warning about excessive upside expectations, he argues that calls for $40 or $30 silver are too pessimistic and says he does not expect the metal to trade below $50 again.</p>
<h2 class="wp-block-heading" id="his-february-silver-call-has-held-so-far">His February Silver Call Has Held So Far</h2>
<p>In his February post, Fthegurus argued that silver investors were becoming too optimistic after the metal moved close to $90.</p>
<p>His thesis was based on silver’s history of spending long periods inside broad trading ranges after powerful advances.</p>
<p>He pointed to several previous periods:</p>
<ul>
 <li>after the 1980 collapse, silver spent many years largely between $4 and $8</li>
 <li>after the 2011 peak near $49, price spent much of the following decade between roughly $14 and $30</li>
 <li>earlier historical periods also showed long stretches where silver remained inside relatively contained ranges</li>
</ul>
<p>From that history, he concluded that expectations for $100 to $200 silver in the near term were too aggressive.</p>
<blockquote class="twitter-tweet">
 <p>Silver will not trade at $100/oz again this year. That was the claim I made on February 17, when silver was near $90/oz. The comments were full of people telling me I needed to “educate myself” and that this time was different because “Industrial demand” and blah blah blah. Fast forward to today: silver is trading around $59/oz. Three months ago I also said silver will not trade below $50/oz again. Since then, on every Silver post I make self-appointed experts in the comments insisting it is heading to $40 or $30 and that I need to “educate myself” The lesson remains simple: on X, do the exact opposite of what the so-called experts tell you.</p>— Fthegurus (@fthegurus) <a href="https://x.com/fthegurus/status/2110337253209784409?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">October 14, 2026</a>
</blockquote>
<p>It is important to be precise about the track record.</p>
<p>He did not predict the exact move from $90 to $59. His February claim was specifically that silver would not trade back above $100 during 2026.</p>
<p>As of now, that call remains intact.</p>
<p><em><span style="text-decoration: underline;"><strong>Read also: <a href="https://captainaltcoin.com/silver-price-prediction-this-long-term-chart-could-be-sending-a-bullish-signal/" rel="noopener noreferrer nofollow">Silver Price Prediction: This Long-Term Chart Could Be Sending a Bullish Signal</a></strong></span></em></p>
<h2 class="wp-block-heading" id="silver-price-forecast-the-new-call-is-50-not-100">Silver Price Forecast: The New Call Is $50, Not $100</h2>
<p>His current argument is very different.</p>
<p>Fthegurus says that roughly three months ago he also <a href="https://captainaltcoin.com/silver-price-prediction-silver-could-outshine-gold-before-a-2027-supply-twist/" rel="noopener noreferrer nofollow">predicted silver would </a>not trade below $50 again.</p>
<p>With silver now around $59, that leaves about $9 of downside before his thesis is tested.</p>
<p>From the current price, a decline to $50 would equal roughly 15.3%.</p>
<p>A move to $40 would represent about 32.2% downside, and $30 would mean a decline of roughly 49.2%.</p>
<p>Those numbers show how different the current bearish calls are from his own view.</p>
<figure class="wp-block-table table1">
 <table class="has-fixed-layout">
  <thead>
   <tr>
    <th>Silver price</th>
    <th>Move from $59</th>
   </tr>
  </thead>
  <tbody>
   <tr>
    <td>$50</td>
    <td>-15.3%</td>
   </tr>
   <tr>
    <td>$40</td>
    <td>-32.2%</td>
   </tr>
   <tr>
    <td>$30</td>
    <td>-49.2%</td>
   </tr>
   <tr>
    <td>$100</td>
    <td>+69.5%</td>
   </tr>
  </tbody>
 </table>
</figure>
<p>His position is therefore relatively narrow: silver is no longer attractive enough for a $100 call this year, but he also believes the correction has already gone far enough to make $30-$40 predictions too bearish.</p>
<h2 class="wp-block-heading" id="what-would-confirm-or-invalidate-his-silver-price-prediction">What Would Confirm or Invalidate His Silver Price Prediction?</h2>
<p>Fthegurus has given the market a very clear level.</p>
<p>If silver stays above $50 through the next phase of the correction, his latest call remains intact.</p>
<p>A sustained move below $50 would invalidate it.</p>
<p>For buyers, the first recovery areas are around $60-$62, followed by the mid-$60s. A stronger move through those levels would reduce immediate pressure and support the idea that silver is forming a floor above $50.</p>
<p>The opposite scenario is straightforward.</p>
<p>If $55 fails and selling continues toward $50, his thesis faces its real test. Below $50, the discussion around $40 would become much more relevant.</p>
<p>For more financial news and price predictions,&nbsp;<a href="https://captainaltcoin.com/" rel="noopener noreferrer nofollow">click here</a>.</p>
<p><em><strong>Subscribe to <a href="https://www.youtube.com/@Captain-Altcoin" rel="noopener noreferrer nofollow">our YouTube channel</a> for daily crypto updates, market insights, and expert analysis.</strong></em></p>
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<p>The post <a href="https://captainaltcoin.com/analyst-who-nailed-silver-price-prediction-in-2026-says-the-crowd-is-wrong-again/" rel="noopener noreferrer nofollow">Analyst Who Nailed Silver Price Prediction in 2026 Says the Crowd Is Wrong Again</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Analyst Who Nailed Silver Price Prediction in 2026 Says the Crowd Is Wrong Again

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