I will believe it when I see it....
Archive: https://archive.today/jP841
From the post:
>The rocket ride of silver prices has to end sometime, but one expert sees it plunging in reverse.
Silver hit the $120 per ounce before dropping like a rock and bouncing up to around $114 in a wild day for the precious metal. But one silver watcher sounded alarm bells on Tuesday.
'Silver is almost guaranteed to drop ~50% from these levels within a year or so,' Marko Kolanovic, a former JPMorgan managing director, wrote on X.
'Unlike purely fictitious assets like NFTs, bubble in commodity can't last long - industry demand dries up, supply e.g. recycling increases, and new production is hedged,' he added.
I will believe it when I see it....
Archive: https://archive.today/jP841
From the post:
>>The rocket ride of silver prices has to end sometime, but one expert sees it plunging in reverse.
Silver hit the $120 per ounce before dropping like a rock and bouncing up to around $114 in a wild day for the precious metal. But one silver watcher sounded alarm bells on Tuesday.
'Silver is almost guaranteed to drop ~50% from these levels within a year or so,' Marko Kolanovic, a former JPMorgan managing director, wrote on X.
'Unlike purely fictitious assets like NFTs, bubble in commodity can't last long - industry demand dries up, supply e.g. recycling increases, and new production is hedged,' he added.
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