Wheaton Precious Metals Corp. (WPM.TO) reached a high of $94.84 in January 2024, but selling pressure has since pushed it into the neutral zone of the SIA S&P/TSX Composite Index Report. The SIA S&P/TSX Global Gold Index chart shows resistance from 2010 and declining volume, indicating that supply may be gaining control. The SIA SMAX score of 5 and the sector’s weak relative strength further support this shift. Advisors may want to monitor these technical indicators for insights into Wheaton’s potential outlook for 2025.