Patrick Karim: Gold and silver remain in uptrend and consolidation phase

Patrick Karim: Gold and silver remain in uptrend and consolidation phase
Gold and silver trend and consolidation

Patrick Karim, technical analyst at Technical Traders Ltd, discusses the current state of gold and silver.

He observes that both metals are still trending upward but continue to consolidate and are not yet offering optimal entry points with lower risk and higher reward.

Earlier, Karim indicated that monthly charts show no confirmed breakout or large base forming for gold, silver, or mining stocks, according to previous analysis. He has also commented on long-term yields testing a key breakout level while crude oil futures signal momentum shifts, as noted in a separate report. These observations provide context for his cautious stance on entry opportunities in precious metals.

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