Silver Price Prediction: Peter Brandt Sees $200+ Breakout

[블록미디어 최창환 기자] Legendary veteran trader and chart analyst Peter Brandt predicted a historic bull market in the silver futures market. On the 13th (local time), Brandt analyzed through

Peter Brandt shared the ’50-Year Silver Futures Chart’ and explained, “In 1981 and 2011, the price of silver encountered strong resistance at the $50 level and turned downward. However, the current price has strongly broken through this $50 range and broken upward.”

According to the Trading View chart he attached, silver futures prices are currently trading at around $62, breaking through a huge resistance line connecting the historical highs of the early 1980s and 2011. This is interpreted as a ‘cup and handle’ pattern, which is a very strong long-term bullish signal in technical analysis, or a breakout of the long-term range.

“Correction is a buying opportunity… Final target is over $200”

Brandt also presented very optimistic figures for future price forecasts.

“If a price adjustment occurs in the future, a strong support line will be formed in the low $50 range,” he said, predicting that the broken resistance line will now serve as a support line.

Next, the initial target for the increase was $87, and it was analyzed that there is room for it to rise to more than $200 in the long term.


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