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Patrick Karim: Gold and silver mining stocks remain in unwinding phase

Patrick Karim: Gold and silver mining stocks remain in unwinding phase
Gold and silver miners unwinding phase

Gold and silver miners are still unwinding, according to Patrick Karim, technical analyst at Technical Traders Ltd. Karim also invited feedback on whether the accompanying chart was helpful.

Karim previously said that gold is struggling against stock markets and may need more time to break out. He has also suggested that silver could take two more years to break its $95 all-time highs. Both metals have faced ongoing difficulties in recent forecasts.

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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