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Patrick Karim: Silver saw last chance above $95 before its parabola broke
Patrick Karim, technical analyst at Technical Traders Ltd, reflects on the recent trajectory of silver, noting that the echo bubble was the final opportunity to exit above $95 following a breakdown in its parabolic move.
Karim suggests that although the strongest years for silver may still be to come, investors should exercise patience and wait for supportive chart signals before considering reentry.
Karim has previously commented on other commodities markets. He recently observed that copper is not yet outperforming stocks, suggesting the metal’s bull phase has not begun. On gold, Karim argued that a move toward $14,000 would require key market resolution before the next rally.
This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.
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