Peter Brandt’s $70 Silver Crash Call Proved Right—Here’s What It Means for Your Portfolio
Veteran trader Peter Brandt just nailed one of the most brutal calls in commodities. His prediction of silver's plunge to $70 wasn't just a shot in the dark—it was a masterclass in reading the charts that left the mainstream scrambling.
The Anatomy of a Forecast
Brandt's analysis cut through the noise, bypassing the usual hype cycles that trap retail investors. He spotted the classic patterns—the same ones that flash before major corrections in everything from tech stocks to, yes, even crypto.
Why Crypto Traders Should Care
This isn't just about precious metals. It's a stark reminder that macro trends don't discriminate. The same forces that crushed silver's run could be lurking for over-leveraged altcoins. When traditional safe havens get volatile, the ripple effects hit digital assets twice as hard.
Silver's crash to $70 serves as a brutal reality check for every market. It proves that sometimes, the loudest voices on financial television are just reading from a script written by the last guy who was wrong. The real signal often comes from those who've seen this movie before—and know exactly how it ends.
Why precious metals keep rising
Precious metals like silver and Gold have hit record highs this year. Lower interest rates have made them more attractive compared to cash and bonds. Some traders bought silver to get a piece of the AI boom, since the metal goes into AI equipment like microchips and data centers. Silver conducts electricity well, making it useful in circuit boards, switches, electric vehicles, and batteries.
Investors have also turned to precious metals as protection against global uncertainty and government debt problems, which could hurt the dollar and stock markets.
Trader defends cautious approach
Late Monday, Brandt defended his careful approach to the silver rally. He mentioned trading silver since it sold for below $4 an ounce back in the 1970s, and once handled orders for 200,000 ounces at a time.
“Yet, I am jealous because there is an entire generation of Z babies trading on Silver on laptops from their mommy’s basements that know everything there is to know about Silver,” he posted, adding laughing emojis.
Brandt rejected the idea that supply shortages are driving silver prices up. “It has never been different,” he wrote. “Never will be. So enjoy it now.”
He was blunt about what’s really happening. “This price action has NOTHING to do with supply shortages,” he wrote. “This now is a game of money.”
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