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Patrick Karim, technical analyst at Technical Traders Ltd, emphasizes that the best years for gold and silver outperformance are still ahead.
He points to the Dow Jones Index priced in silver as corroborating evidence supporting a bullish outlook for precious metals.
Karim has tracked major market cycles in recent analyses. Earlier, he suggested that gold is in an early phase and could potentially rise to as high as $20,000 before reaching its generational peak. He has also identified signs of a possible breakout in crude oil and long-term yields, contingent on strong monthly closes, in separate research on commodity and fixed income markets. These views reflect his ongoing focus on chart patterns and asset cycle trends.