Did the Silver Bull Just END!?!

Silver prices exploded $20 higher in just 2 trading days since passing $100/oz for the first time Friday, before plunging more than $15/oz this afternoon.
Many pundits are proclaiming that Monday’s trading action was the final, blow-off top to silver’s bull market.

While the silver price certainly needed a breather after a mini parabolic move the past few trading sessions, the real question that needs to be asked is: Is silver now OVERVALUED at over $100/oz?

Rick Rule, and others are beginning to say yes. However,
Even after trading above $100/oz, the silver price is still nowhere near the all-time high for silver adjusted for REAL INFLATION.

The 1980 Silver High of $50 Adjusted for REAL Inflation Using Shadow Stats is $1639/oz:

Adjusted for real inflation (using the methodologies used by the BLS in the 1970’s prior to the changes the BLS made in the early 80’s and 90’s in how CPI is calculated to disguise actual inflation, silver is still historically undervalued, not elevated.

Even after big nominal moves, the inflation-adjusted silver price would need to rise ANOTHER 1,500% FROM HERE to equal the 1980 peak!

The chart reveals that not only is silver currently far below the 1980 peak in real terms, silver prices are still far below silver’s trading range for almost the entire past 300 years prior to the bullion bank cartel manipulating and artificially suppressing the price of silver to support US Dollar hegemony over the past few decades!

This would indicate that $117 is quite likely NOT the final blow off top in silver.

FINAL, blow off tops to secular bull markets typically occur amidst broad public participation, extreme valuations in REAL TERMS (see the AI sector), and euphoric sentiment.
Large secular bull markets do not end until the fundamentals that ignited the bull move substantially change. Currently, we do not see any of the fundamentals behind the precious metals bull market even abating, much less ending. On the contrary, the fundamentals for gold and silver have increased dramatically over the past few months.

Currently, we are seeing disbelief everywhere, mainstream media and pundits calling tops, new day trading experts publicly attempting to short silver every day, extremely weak ETF participation, and a silver mining sector which has barely kept pace with the price of silver itself over the past 2 month rally.

This suggests early-to-mid bull run behavior, not late-stage exhaustion.

This certainly does NOT mean that the price of silver will go straight up.

It does however suggest that the long-term ceiling in both gold and silver is much higher than current levels, and The Best is Yet to Come!!