Veteran trader Peter Brandt points out that silver remains far from overbought on the quarterly $ADX a key measure of long-term trend strength. This suggests the current move is still in its early stages, not near exhaustion.
📈 Why it matters:
Quarterly ADX indicates trend expansion is just beginning
Rising industrial demand continues to support prices
Renewed interest in hard assets adds macro tailwinds
🎯 Long-term view:
Brandt highlights $147 as a realistic long-term target if momentum continues to build.
⏳ Historical pattern:
Silver often lags early, then accelerates sharply once momentum fully kicks in. In this setup, patience may matter more than perfect timing.
