Trading guru Peter Brandt warns winners of silver's epic rally to watch out
Veteran trader Peter Brandt has warned winners from silver's rally to be careful. Jonathan Raa/NurPhoto via Getty Images Market veteran Peter Brandt has urged those who've profited from silver's rally to be careful. The trading guru said that price peaks rarely last and assets can give up all of their gains. Silver, gold, and other metals have soared this year, partly because investors use them as hedges. A Wall Street veteran warned jubilant silver traders to be careful after a searing rally in the precious metal's price — days before it went into reverse. Writing on X over the weekend, Peter Brandt congratulated those who've won big by betting on silver and platinum in recent months, but cautioned the market could quickly turn on them. "Being right is fun," he wrote. "But know this -- moves can far exceed anything expected. And tops come quickly when they come. And retracements are almost always full." Early on Monday, the market ...