Silver may need two more years to clear $95 highs, Patrick Karim notes

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Silver may need two more years to clear $95 highs, Patrick Karim notes — Silver could take two years for $95

Silver may require another two years to surpass its monthly defined all-time highs at $95, according to Patrick Karim, a technical analyst at Technical Traders Ltd.

Karim also noted that being optimistic about the long-term target does not guarantee a rapid move to higher levels.

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Karim has previously said that gold is struggling to outperform stock markets and may need more time to break out, according to an earlier analysis. He has also pointed to four economic signals as warning signs for a turning point in the U.S. business cycle in a separate report. These assessments provide context for his cautious approach toward silver’s timeline.

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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