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Peter Brandt, founder and CEO of Factor LLC, observes that silver's current price action is notably different from previous bull markets in the metal.
Brandt points out that earlier silver bull markets required 31 and 14 years to reach new highs, whereas this cycle is only six months from the recent peak. He believes expectations for silver to reach $150 are premature and suggests patience, emphasizing that market charts will ultimately signal the next move.
Brandt previously noted that earlier silver bull market cycles averaged 22 years, citing historical data in a recent analysis. He also observed potential technical patterns in the metal, highlighting that silver would form a near perfect descending triangle if the Feb. 6 low dropped by $2.50, according to a separate report. These factors have informed his cautious outlook on silver’s current surge.