Patrick Karim: Oil likely to outperform silver until premium returns

Patrick Karim: Oil likely to outperform silver until premium returns
Oil seen outperforming silver until premium

Patrick Karim, technical analyst at Technical Traders Ltd, suggests that oil is expected to outperform silver until their valuation premium is reestablished.

He acknowledges that many may doubt this view for a variety of reasons but maintains that the odds currently favor oil over silver in relative performance.

Karim recently pointed out that higher probability trading setups are currently present in oil rather than in gold or silver, citing the time required to build such opportunities in these markets in a previous analysis. He has also questioned whether technical chart analysis alone could have anticipated the recent bond market implosion in a separate commentary. These prior observations frame his present view favoring oil over silver on a relative basis.

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