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Patrick Karim, technical analyst at Technical Traders Ltd, questions whether those holding long positions in silver may dismiss the current chart analysis and expect a quick resolution.
Karim emphasizes that investors not holding positions could be in a better place to view the analysis objectively and recognize potential value.
Karim has previously stated he would become more enthusiastic about silver if it achieves a monthly close above $95. He has also suggested the Federal Reserve may require urgent action to manage the long end of the yield curve. These comments come as he continues to analyze market conditions for both precious metals and fixed income.