Pseudonymous trader Bluntz has identified "striking similarities" between copper's current chart pattern and silver's previous breakout, suggesting a potential surge in copper prices within the next 4-6 months. Bluntz, who shared his analysis with 338,000 followers on X, notes that copper is in the later stages of a multi-year ascending channel, similar to silver's explosive rally last year. He emphasizes that while the exact timing is uncertain, the breakout could lead to a rapid doubling of copper's price. Billionaire investor Frank Giustra supports the bullish outlook, citing a "supercycle" driven by increased demand for copper due to electrification needs across various industries. Giustra highlights the structural supply challenges, noting that the world requires six new tier-one copper mines annually through 2050 to meet demand. Currently, copper trades at $5.83, about 25% above its 2011 high, and has not experienced the same price movements as other precious metals.