Tue Dec 30 03:40:00 UTC 2025: ## Silver Prices Plunge After Record High, Expert Warns of 60% Crash
Mumbai, India – Silver prices experienced a dramatic drop on Monday, with MCX silver futures plummeting approximately ₹31,000 per kilogram. This sharp decline followed a new record high of ₹2,54,174 per kilogram earlier in the same session. However, the precious metal failed to sustain these gains, eventually falling to ₹2,22,504 per kilogram.
According to market expert Amit Goel, Co-founder and Chief Global Strategist at Pace 360, this volatility is a sign of a significant market bubble, with potential for a 60% price crash.
Goel warns that the recent surge in silver prices is detached from fundamental market indicators like the dollar index and stock market performance. He likens the current situation to the dot-com bubble of 1999-2000 and the 2008 crude oil surge to $145 per barrel, both followed by significant market corrections.
While silver prices may continue to rise, potentially reaching $90, $92, or even $100, Goel believes a market top is likely to form by February. He emphasized that this surge is driven by speculation surrounding China’s potential silver export restrictions, not by ETF investment.
Goel predicts that after the peak, silver prices could fall by 50% to 60%, potentially reaching ₹1.52 lakh per kilogram. This correction is expected to occur gradually over the next 12-18 months.
Goel advises investors to exercise caution, highlighting the risks associated with investing in a bubble market where potential profits are overshadowed by the possibility of a sharp and painful price correction.
First Piper 