🚨 Silver to $40 Before the Next Rally? Chris Vermeulen Explains #shorts
Sprott Money Jul 2, 2026
Summary
Vermeulen reads silver's bounce with Fibonacci levels (chart ratios used to project price targets) and sees a drop toward $40.
He argues a market event could trigger margin calls (forced selling by traders who borrowed to buy), pushing silver sharply lower.
The speaker expects any $40 touch to last minutes or hours before silver rebounds into the $60 range.
He frames that brief dip as a window to accumulate physical silver at a much lower price.
Chris Vermeulen's takeaways
- Top takeaway Vermeulen's Fibonacci analysis of silver points to a sharp drop toward about $40 per ounce, which he views as a buying setup he is watching for as of July 2026.
- He expects a market event and margin calls in the silver space to drive a very sharp, short-lived sell-off.
- He argues any tag of the $40 level could last only minutes or hours before silver rebounds back into the $60 range.
- He frames the expected dip below the $50 level as a rare short-term window to accumulate silver at a much lower price, saying to 'back up the truck' if it gets there.