Gold & Silver & White Metals Bullish into mid-June & late-July ‘25!

05-28-25 – 2025: Platinum, Silver & ‘Golden Opportunities – “Platinum has powerfully validated the outlook for a Major advance from April ’25 into April ’26.  Silver has shown initial signs of corroborating (it has a similar outlook).  And Palladium is showing signs of a bottom but needs more confirmation.

Leading these metals are the related mining shares that have been projecting a strong surge into June ’25… as part of a larger overall advance into Oct ’25.  A myriad of silver, gold, and related stocks have been portending accelerated 2Q ’25 rallies into the week of June 16 – 20, ’25.  That remains the case.

Overriding this has been the outlook for the XAU (Gold & Silver shares as opposed to HUI, which is primarily Gold) to see a sharp rally from early-April into mid-June ’25.

This period – from early-April into mid-June ’25 – was/is expected to time a critical shift during which the ‘white metals’ would begin to take the lead… as Gold passes the baton to them.

Silver has been corroborating that analysis after spiking to new intra-year lows in early-April ’25 – fulfilling everything it had been projecting since Dec ’24.  It is about to pass through a pivotal period, linked to both the daily 21 & 40 MARCs.

Silver initially rallied from its early-April low and then pulled back to a much higher low (twice), even as Gold set a pair of descending lows – leading into mid-May ’25.  Silver turned its intra-month trend up on May 6th and has maintained that trend throughout the month.  It is now entering the period of May 29 – June 2nd – a 3-day period when multiple indicators could trigger reinforcing buy signals.

Before getting into the specifics of those indicators (see Gold & Silver section later in this Alert), it is important to review the overall context and what has led to this decisive period…

The April 5th 2025 Weekly Re-Lay set the stage for this initial period when a MAJOR shift in several metals was forecast to take hold as 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’s wave structure identified the post-Dec rally as a likely ‘B’ wave advance that would ultimately give way to a ‘C’ wave decline with a downside target below the mid-Dec ’24 low… 

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… It quickly fulfilled the minimum downside target for this ‘C’ wave decline – dropping below the mid-Dec low while matching the magnitude of its ‘A’ wave decline (Oct – Dec ’24 decline)…

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…

Gold & Silver plunged to pivotal support levels and bottomed on April 7th with both attacking monthly support (Silver attacked extreme downside targets at 27.60/SIK) and fulfilling their intra-month downtrends … Their April 7th lows also fulfilled their respective daily & weekly trend patterns – reinforcing the outlook for April ’25 correction lows… 

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 reinforced its April 7th low when it generated an outside-week/2 Close Reversal buy signal on May 5 – 9th. That was corroborated when Platinum generated a daily 2 Close Reversal Combo buy signal on May 15th.  All of this reinforced the 1 – 2 month & 3 – 6 month outlook for Platinum… but now it could be Silver’s turn.

Platinum recently surged to its highest level since May 2024 – fulfilling the multi-week outlook for a surge to 1070/PLN or higher.  All of this is powerfully validating the outlook for 2025 to be The Platinum Year – providing the ‘golden’ (or platinum) trading opportunity for 2025 (see April ’25 INSIIDE Track).

Recent action is convincingly confirming the outlook for 2025/2026 and the paradigm shift that has been forecast to unfold in April ’25 – April ’26.  Hold on tight!…

Gold & Silver 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.

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.

It then rallied and turned its daily trend back up while closing above its daily 21 High MAC – confirming that a multi-week low took hold on May 15th.  That also set the stage, paradoxically, for an initial high to take hold on May 23rd (since the daily trend reversal signal often coincides with the peak of an initial rally) and usher in a multi-day pullback.

That was also in sync with Gold’s consistent ~12 trading day Cycle Sequence that created a 12 trading-day low-low-high-high-low-high-high-high -high-high-(high; May 23rd) Cycle Sequence – projecting a short-term peak on May 23rd.

Meanwhile, Silver remained resilient and only pulled back enough to retest its month-opening low without closing below it.  That kept Silver in a relatively tight ~5-week range – a likely ‘2’ wave pullback of a developing new 5-wave advance.

Silver has already set new intra-month highs 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).

On a near-term basis, Silver is entering a 3-day period when both the daily 21 AND 40 MARCs will drop – most notably on May 30th and June 2nd.  They are inversely correlated to the daily 21 & 40 MACs, so their decline would be positive for the 21 & 40 MACs… and likely for Silver itself.

Short-term trend & wave support appears at 32.80 – 32.90/SIN and will ideally place a floor under this pullback in the coming day(s).

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Gold & Silver are rallying after retreating into mid-May and fulfilling the ideal time for a multi-week 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.

 

See current publications for the most updated analysis.

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Refer to latest Weekly Re-Lay & INSIIDE Track publications for additional details and/or related trading strategies.