Silver Price in 2024 – Technical Analysis

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by Craig Hemke, Sprott Money:

In today’s episode, listen to Craig Hemke and Chris Vermeulen as they delve into broader topics such as the seasonality of markets, historical market patterns, and the potential impact of the U.S. election year on market dynamics. They also explore:

  • Outlook for General Equities Markets in 2024: What is the current state of the stock market?

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  • Sentiment Analysis and Market Psychology: Why does Chris emphasize the importance of gauging investor sentiment? What is the potential impact of widespread bearish sentiment, short positions, and the likelihood of a short squeeze in the stock market?
  • Precious Metals Projections for 2024: Chris and Craig analyze the monthly chart for gold, discuss resistance levels, and mention the potential for a significant rally in precious metals. They also caution about possible pullbacks and highlight the need for investors to manage their emotions.

Watch the full video below:

 

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