Silver Prices to Drop Further: Analyst's Bearish Prediction

Silver prices are under pressure after failing to sustain their rally above $60 earlier this month. The metal is currently trading around $57, but popular analyst Alex Mason predicts it will lose this support level.

Mason, who has a track record of accurately calling major market tops and bottoms over the past 15 years, believes that silver's bull rally was too strong and must reprice. He forecasts a decline to $51, then $45, and finally $39.

The analyst drew attention to his previous calls, including the tops in gold and silver, the collapse in oil, the SpaceX drop, and Bitcoin's crash. Mason reminded followers that he will post publicly when he exits the markets completely.