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Peter Brandt: Silver support seen at $54 as bulls plan to buy at $65 and $60
Peter Brandt, founder and CEO of Factor LLC, analyzes silver price movements and highlights a major support level at $54. He notes that investors who bought silver above $90 are reluctant to sell and intend to increase their holdings further at price points of $65 and $60.
This behavior reflects market sentiment among late buyers and could influence future price activity.
Brandt has previously outlined his technical outlook for gold, projecting a possible shift toward the lower end of a key channel in recent analysis. He has also commented on the gold mining sector, identifying a pivotal GDX to GC_F ratio that could drive a move away from bullion if a certain threshold is crossed, as detailed here. These perspectives underscore Brandt’s ongoing focus on critical levels across precious metals markets.
This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.
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