Market analyst Peter Brandt, who has a career spanning five decades, shared a price analysis chart on Jan. 11 comparing the long-term trajectories of silver and the cryptocurrency Monero (XMR).
"If you cannot figure out what I am telling you here then I could never be of any value to your thinking," Brandt wrote on X, addressing the trading community.
Silver reached a new all-time high of $86.22 per ounce on Jan. 12. Brandt's analysis shows silver spiked in 1980, then remained dormant for a long period. It hit another record high in 2011 and traded sideways for years until 2025-26.
Monero, launched in 2014, allows private and anonymous crypto transactions. Its price chart mirrors silver's, according to Brandt. While Monero peaked in 2018 and 2021, it similarly traded sideways in subsequent years and is now eyeing a breakout.
Monero hit a new all-time high of $613.31 on Jan. 12, having surged more than 30% over the previous two days. It had traded largely below its 2018 peak for the last seven years.
Brandt is known for predicting gold's historic reversal in the 1980s. Gold rallied to a record $850 per ounce by January 1980 as inflation drove traders to hard assets. After the Federal Reserve implemented aggressive interest rate hikes, gold plunged roughly 50% to around $450 per ounce. By mid-1982, it had fallen more than 60% from its peak.
In January 2018, when Bitcoin surpassed $10,000, Brandt predicted it would crash below $4,000 that year. Bitcoin indeed fell below $4,000 in December 2018.