Silver Poised to Outpace Gold Gains in 3Q ’20 – 2Q ’21; Surge with Stocks after Late-June!
05/30/20 Weekly Re-Lay: “Gold & Silver are going through a topping process with Gold showing some signs (though not yet confirmed) of already seeing its peak while Silver remains strong. Gold would not confirm a larger-degree correction, however, until a daily close below 1686.4/GCQ.
Silver has entered a recurring, geometric (13 – 14 week) cycle when a peak is more likely. The final week of May and first week of June ’20 arrive 90 days/degrees from Silver’s late-Feb. low, 180 days/degrees from its early-Dec. ’19 low and 270 days/degrees from its early-Sept. ’19 peak.
That cycle continues back in time, including the late-May ’19 low, late-Feb. ’19 peak and late-Nov. ’18 low weekly close. A peak at this time (May 28 – June 5) would intensify the focus on June 22 – 26 for the next intermediate low.
In the interim, Gold’s daily trend pattern leaves open the potential for a spike above 1789.0/GCQ while Silver’s uptrend and wave structure, as well as weekly & monthly resistance levels, target 19.15 – 19.58/SIN for an intermediate peak.
From a broader perspective, Silver is beginning to validate/fulfill analysis for a recovery-inspired rally that begins to overtake Gold on a related basis.
During the culminating phase of this ~5-year cycle – from the March 12 – 16, ‘20 cycle lows into May 2021 (when a final peak appears most likely), Silver is likely to outpace Gold in its gains.”
Silver reinforcing outlook for intermediate top in early-June and intermediate low in late-June. Metals prepare for most bullish cycles to kick in by late-June and spur larger advances into late-2020 and likely into May 2021. Silver gains expected to exceed Gold gains during that period, as Silver & metals stocks forecast to track closer with (bullish) overall stock market.
What Could Trigger Silver & Stock Surges After Late-June ‘20?
Refer to latest Weekly Re-Lay & INSIIDE Track publications for additional details and/or related trading strategies.