By 2024, gold price will double, silver will more than triple, here’s why – Patrick Karim

Gold and silver are both headed much higher, if prices continue to follow a 7-year arc pattern, said Patrick Karim of Northstar & Badcharts.

Should the arc hold, gold should be trading at 250% higher than its 2017 level, translating to $4,200 an ounce by 2024, Karim told David Lin, anchor for Kitco News.

Silver would see even more upside, trading at 350% higher than its 2017 level by 2024, implying a $77 an ounce 3-year price target.

For more information on how this technical analysis is performed, watch the video above.
 

By David Lin

For Kitco News

Buy, Sell Gold and Silver, with Free Storage and Monthly Yields