Bloomberg analysts predict that both silver and Bitcoin will decline in 2026, based on the 50-week moving average.
TL;DR
Bloomberg analyst Mike McGlone predicts silver and Bitcoin will decline in 2026 based on the 50-week moving average. Silver's current high premium and Bitcoin's discount suggest potential drops of 52% and 55%, respectively.
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According to a report by Odaily Odaily, Bloomberg analyst Mike McGlone stated that both silver and Bitcoin will face declines in 2026 if the 50-week moving average is used as a reference. On December 31st, silver was priced at approximately $72 per ounce, a 73% premium over its 50-week moving average. This year-end price premium has only occurred once before, in 1979, when silver peaked in 1980 and then fell 52% to $15.50. Currently, Bitcoin is priced at approximately $87,000, a 13% discount to its 50-week moving average, which typically indicates a bottom and a potential drop of nearly 55%.