Forbes contributor Clem Chambers said gold and silver prices could decline further in what he described as a classic bubble-collapse pattern, as liquidity shifts to AI IPOs and the Nasdaq, pulling money out of traditional alternative assets such as gold, silver and Bitcoin. Chambers wrote on June 16 that the outlook for gold and silver "does not look good," having sold near the peak after riding the earlier rally. He said gold's chart resembles a classic bubble-collapse pattern, with prices potentially falling further before the decline runs its course, and that confirming a bottom would require several months of stable trading. Still, he said gold and silver could offer renewed investment opportunities after a sufficient correction and a period of stability.