Why Silver Could Drop Below $30/ozt.
By: Nu Yu, Ph. D.
A close look at where silver is currently positioned at this stage of its developing long-term bubble, and what can be expected short-term in its price using Bump-and-Run and Dead-cat Bounce pattern analyses, suggests that silver is on its way to returning to its long-term mean.
Where is Silver Positioned in This Bubble?
As shown below, it might be interesting to compare the silver chart with this graph of “Main Stages in a Bubble” by Dr. Jean-Paul Rodrigue. It shows that, after a brief “return to normal”, silver is now moving into the “fear” area of the Blow off Phase as it “returns to the mean.”
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