Is Gold/Silver Overvalued? 5 Year Average Chart

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Above is the 5 year price action for both gold and silver. It is my personal opinion that in the (short) term both gold and silver are slightly overvalued. Of course, I am an avid stacker and totally believe in the long term value of both of these metals! I believe that in the long term both of these metals will appreciate in price but I also believe that in the short term there might be a drop in price.

I've drawn in some rough estimates of what I believe are fair values. Take this as opinion because of course the price could do anything!

Let me know what you think!

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Is Gold/Silver Overvalued? 5 Year Average Chart | Ecency