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

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