Key facts
- Gold/silver ratio may target a new all-time high, according to Peter Brandt.
- Brandt highlighted a potential move toward 121.7 on the gold/silver ratio.
- Gold prices briefly fell below $4,000 on Friday, their lowest in nearly three months.
Veteran trader Peter Brandt predicted on Friday that the gold-to-silver ratio could be heading toward a new all-time high. He shared a weekly chart on X showing the ratio, currently around 74, has broken a key horizontal level and could potentially reach 121.7. Gold prices briefly fell below $4,000 on Friday, their lowest in nearly three months, amid expectations that the Federal Reserve might keep interest rates higher for longer. Brandt also presented a chart suggesting gold could decline to a support level of $2,533, though he stated he is not predicting this move. The prediction comes amid broader price corrections in precious metals, rising oil prices, and Middle East tensions.