JP Morgan Analyst Predicts Silver Price Decline, Bullish on Gold

JP Morgan analyst Marko Kolanovic recently forecasted a potential 50% drop in silver prices, which was followed by a sharp 30% decline in the market. According to NS3.AI, Kolanovic attributed the surge in silver prices to speculative trading, comparing it to a meme market frenzy. Despite the downturn in silver, JP Morgan maintains a positive outlook on gold, predicting its price could rise by 65% to reach $8,000 by 2030, driven by central bank accumulation.