Gold & Silver Portend Multiple Surges & Bullish 3Q ‘25!
05-30-25 – “Gold & Silver have rallied after fulfilling divergent trend and cycle objectives in April ’25. At the time, Silver plunged below its Dec ‘24 low – and right to its early-August ‘24 low (and 4th wave of lesser degree support described since 4Q ‘24… see Oct ‘24 chart reprinted on page 2) – as Gold continued higher into multi-month cycles that converge in late-April/early-May ‘25.
From a timing perspective, Silver set a low in April ’25 – fulfilling broader geometric cycles that include a move of 180 degrees from its Oct ’24 peak and – looking forward – a low that is ~360 degrees prior to major cycles in ~April 2026. All of those factors signaled a likely 3 – 6 month bottom in Silver.
Both metals surged into the middle half of April with Gold initially fulfilling its potential for a 1 – 2 month high on April 14 – 25th – the time when a consistent 23 – 24-week high-high-high-(high) Cycle Progression came back into play. Gold also fulfilled an intra-year pattern that has played out consistently in recent years.
In that annual ~360-degree cycle, Gold has set a multi-week or multi-month peak in the middle part of April – in sync with the Week of Aggression (April 12 – 19th) and/or the Date of Aggression (April 19th). Gold also fulfilled the potential for a surge in line with Natural Year ‘opening month’ analysis – portending future strength in 3Q 2025.
In the past month, both metals rallied after selling off into mid-month & bottoming with Gold fulfilling primary expectations for a ‘c’ wave drop that would reach multiple downside targets and the convergence of 3 (out of 4) weekly HLS levels with the most applicable weekly HLS at 3123/GCM (see related Weekly Re-Lays throughout May ‘25).
Gold spiked down to 3123/GCM (attacking that weekly HLS while retracing .618 of its most recent surge) and quickly surged from that level, signaling the likely completion of that ‘a-b-c’ correction.
While dropping precisely to 3123/GCM, Gold also fulfilled a symmetrical ‘c = a’ wave correction – with the ‘c’ wave equaling the ‘a’ wave in both price AND time – a perfect example of wave symmetry within a brief correction.
That low should hold if Gold is to embark on a new multi-month advance. Silver is also confirming its early-April low and is poised to rally (on balance) into June 9 – 16th, the next phase of an ~11-week high-low-high-high-high-(high) Cycle Progression and midpoint of a related ~22-week high-high-high-(high) Cycle Progression.
Silver continues to angle its weekly 21 MAC upward and could generate a related bullish signal with a weekly close above ~33.75/SIN.
With Silver perfectly fulfilling its ~4-month outlook – while spiking down to ~27.60/SI on April 7th – it remains in a potentially bullish wave structure that is still expected to spur a new multi-month advance into Oct/Nov ’25 (and ultimately into ~April 2026).
That could be linked to future inflation, global competition for critical metals and minerals, and the tech-related needs of the new economy. The outlook remains that Gold & Silver are in broader bullish trends and their outlook remains positive.
Gold & Silver perpetuated a ~7-year low (4Q ‘01) – low (4Q ‘08) – low (4Q ‘15) – low (4Q ‘22) Cycle Progression in Oct ‘22 and have been projected to undergo a multi-year advance into 2026/2027.
The XAU & HUI surged in April & May after plunging to 1 – 2 month support in early-April and reaffirming the intra-year uptrends. The XAU bottomed at 152.02 on April 7th – quickly reversing higher from its rising weekly 21 AND 40 High MACs (as well as the ‘25 opening range high – resistance turned into support at 152.18/XAU – and the March ’25 low at 152.48/XAU).
The overall uptrend remains solidly intact and is still expected to extend this rally into June ‘25 – the next phase of the XAU’s ~2-month, ~4-month & ~8-month cycles and also the target (June/July) for the intra-year uptrend. A corresponding cycle is a 21 – 22-week high-high-low-low-low-(low; Dec 23 – Jan 3, ’25) Cycle Progression that timed the Dec 30, ’24 low & projected an overall advance into June ’25.
A peak in June ’25 should reinforce the outlook for higher highs – and a more significant peak – in October ’25… 4 months later.
A high in Oct ’25 would also fulfill a ~1-year/~12-month low (Oct ’23) – high (Oct ’24) – (high; Oct ’25) Cycle Progression and a corroborating ~10-month high (April ’23) – low (Feb ’24) – low (Dec ’24) – (high; October ’25) Cycle Sequence. Ultimately, the XAU remains targeted for a retest of its late-2010 peak near 233.00/XAU.
Platinum surged into late-May, reinforcing the overall outlook and turning several confirming indicators positive, including its monthly 21 MAC and its weekly 21 MAC.
The April 5th 2025 Weekly Re-Lay set the stage for this initial 2 – 3 month period when a MAJOR shift in several metals was forecast to take hold.
At that time, Platinum and Palladium entered the month (April 2025) with the greatest chance for a reversal higher and the onset of a new 3 – 6 month and 6 – 12 month accelerated advance. Silver was similar. As stated then:
4-05-25 – “Platinum & Palladium dove to their late-2024 lows after Platinum failed to turn its daily trend up. Both metals have a better chance of seeing key intermediate indicators turn positive in April but that will likely take 2 – 3 weeks before they are in the optimum position for that shift…
On a broader basis, both metals maintain the setup for a much stronger advance in 2025 (into 2026). That would be initially validated if they set lows in the first half of April… Palladium has just matched the duration of its previous ~9-week decline… That sets up April 7th as a pivotal & decisive day.”
Along with Silver, Platinum & Palladium were poised for an April 7th spike low and the start of a much larger and more significant rally – in line with cyclic & technical analysis for April ’25 – April ’26.
The April 7 – 11th action fulfilled downside objectives – particularly in Silver – completing multi-month declines and quickly generated convincing buy signals. The April 9, ’25 Alert stated:
4-09-25 – “Gold & Silver sold off with Silver finally fulfilling what it signaled in Dec ’24… Silver was expected to find its most significant support near 27.60/SIK – 4th wave of lesser degree support – and likely set a 3 – 6 month (or longer) bottom near that level… the downside target that has been described since the late-October ’24 peak.
Silver reached 27.54/SIK on April 7th – fulfilling these major downside targets – and now has a very good chance of beginning a new wave higher…
Silver fulfilled the outlook to mirror the duration of its largest previous decline (22 – 23 weeks) and set the stage for a major low in April 2025 – 180 degrees from its Oct ’24 peak and ~360 degrees prior to major cycles that peak in ~April 2026.”
The April 12, ’25 Weekly Re-Lay elaborated on those forecasts for early-April ’25 lows and updated corresponding Platinum & Palladium analysis:
4-12-25 – “Gold & Silver bottomed immediately after Silver fulfilled what it signaled in Dec ’24… Silver spiked down to 27.54/SIK – fulfilling all of its 2 – 4 week, 1 – 3 month & 3 – 6 month downside objectives – and immediately reversed higher…
Platinum & Palladium spiked to new intra-year lows… while validating timing indicators focused on April 7th for a low. In sync with intermediate cycles, the ideal scenario was that they set lows in the first half of April.”
Platinum has surged since its April 7th low… and is likely in only the early stages of a major advance. On a broader basis, Platinum could rally into 2026 – a 50% rebound in time (12 years down/6 years up) and the latest phase of a ~5-year high (2011) – high (2016) – high (2021) – (high; 2026) Cycle Progression that parallels the Silver outlook.
Palladium has also rallied since its April 7th low and was able to turn the weekly 21 MAC up. However, it still needs a weekly close above 1015/PAU to close above the weekly 21 High MAC and above its ~2-month high. Until that occurs, Palladium is in congestion – a little above multi-year lows.
On a longer-term basis, Palladium was/is expected to enter a new bull market in 2025 and stretch that into 3Q 2026 – when the next multi-year peak appears most likely. A peak in 3Q ‘26 would fulfill a ~5.25-year low-low-low-high-(high) Cycle Progression as well as a .618 rebound in time (39-month decline followed by 24-month rally).
Copper also bottomed in early-April, fulfilling a ~13-week/~90-degree high-high-low-(low) Cycle Progression. On a broader basis, Copper completed a 5-wave advance – from July ’22 into March ’25 – and then corrected back to its ‘4th wave of lesser degree’ support at ~4.070/HGN… potentially setting a new 3 – 6 month low in early-April ‘25.
That support is both the Aug ‘24 & Jan ’25 lows (wave ‘4’ of previous 5-wave advance) – the final low before the culminating rally. It was also the level of the rising monthly 21 Low MAC (~4.070/ HGN) and monthly 21 High MARC.
Reinforcing the potential for a multi-month low, Copper held its Jan ’25 low – a low that fulfilled a ~15-month high-high-low (July ’22) – low (Oct ’23) – (low; Jan ’25) Cycle Progression…”
Gold & Silver are rallying after retreating into mid-May and fulfilling the ideal time & wave structure for a multi-week/multi-month low to take hold… and a much larger advance in Silver & Platinum to begin. Gold remains below multi-month cycle highs, fulfilled in late-April, but signaled that a subsequent correction was complete in mid-May – projecting a new impulse wave that should ultimately take Gold to new all-time highs.
Silver is projecting a multi-month surge after fulfilling multi-month cycle lows and downside objectives in early-April. That coincided with the outlook for Platinum & Palladium to enter bullish cycles on April 7 – 11th and surge – on balance – into June ’25. That would likely be the first stage of a much larger advance that could see a series of highs in late-July, early-Sept & late-Oct/early-Nov ’25 – all focused on 2Q 2026.
Recent action also reinforces the 17-Year Cycle impact on Silver and corroborates the outlook for a MAJOR uptrend in white metals following April ’25 cycle lows…
17-Year Cycle & Silver: April ’25 Low
The April ’25 INSIIDE Track detailed why Platinum was/is on the cusp of a Major advance (along with Silver & Palladium), stating: “This could be one of the ‘golden’ (or is that ‘platinum’) trading opportunities of 2025!” The first phase of that was/is expected to be a sharp rally into the next phase of Platinum’s ~5-week cycle on June 9 – 13, ’25… and then a subsequent rally into the ensuing phase of that cycle – in mid-July ’25.
The 40-Year Cycle of Currency War continues to impact Gold and its relationship to the US Dollar. Gold fulfilled major cycles in Sept/Oct 2022 when it perpetuated a 7-Year Cycle of consistent lows (2001 – 2008 – 2015 – 2022) that coincided with the onset of a new 40-Year Cycle of Currency War AND 80-Year Cycle of War and projected a multi-year bull market to follow (into at least 2025/2026 and potentially longer)…
Outlook 2022/23: A New Currency War Begins
Outlook 2023: A New Currency War & Inflation
April 2025 ushered in a new and reinforcing phase of this overall shift and could be the first phase of major rallies in key metals (Platinum & Palladium) and the next phase for Gold & Silver. It also ushered in the time (April – August ’25) when War Cycles could produce some unexpected surprises.
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