Peter L Brandt: $16.15 Silver Price Target

Peter L Brandt, in a June 20th, 2013 post, said that silver has a $16.15 target price. There are lots of charts including gold, silver, crude oil, currencies and more, so check it out.

The weekly Silver chart has a target of 1615 established by the April completion of an 18-month rectangle. The daily chart is forming a possible wedge pattern. My guess is that this wedge pattern will serve as a launch to the final low in this bear market.

Brandt's target price is in line with the price targets of several others.

Don Harrold of The Day Trade Show called for $17.50 silver back on 12-29-2011.

Harrold reiterated his $17.50 silver target in an interview with Elijah Johnson of Finance and Liberty.

Louise Yamada recently said that silver could fall to $14 to $15 per ounce.

Chris Marchese also has the same $17.50 silver target as Don Harrold.

Note: Had some trouble placing YouTube videos in post, but if you hover your mouse cursor on the links above, you will be able to tell which ones are YouTube videos.