Gold & Silver Enter Corrective Period While Projecting Future Surge; Watch Oct/Nov ’26!
08-31-26 – “Gold & Silver surged throughout the month of August after Gold set a new intra-year low in late-June, fulfilling an ~11-week high-high-high-(low; June 29 – July 2, ’26) Cycle Progression and setting the stage for a ~2-month surge.
Longer-term cycles projected a decisive low for mid-’26 as part of an overall scenario that could stretch into 4Q 2027. For context, Silver has a ~2.5-year/~30-month low (March ’20) – low (Sept ’22) – low (April ’25) – (low/high; Sept/Oct ’27) Cycle Progression that is likely to time the next 6 – 12-month peak in Sept/Oct ‘27.
The midpoint of that ~30-month Cycle Progression was the latest phase of a ~14 – 15-month low (Jan/Feb ’24) – low (Apr ’25) – (low; June/July ’26) Cycle Progression that also projected a low in late-June – mid-July ’26 and would ideally trigger a rally into Sept/Oct ’27 (the next phase).
The likelihood for a mid-year ’26 low (late-June – mid-July ’26) was reinforced by other factors, including wave-timing symmetry…
From a broad perspective, Silver had experienced 5 declines of ~6 months in duration – since mid-2019. They included the declines of Sept ’19 – March ’20, Feb ’21 – Sept ’21, March ’22 – Sept ’22, April ’23 – Oct ’23 and Oct ’24 – April ’25.
A 6th decline of similar duration would bottom in July ’26… exactly when it did!
The decline into the week of July 13 – 17, ’26 also completed a perfect .618 time retracement of the May ’25 – Jan ’26 advance. Those lows fulfilled weekly HLS indicators & gave reinforcement to prevailing wave analysis that the 2Q decline (since mid-April ’26) was a corrective one (‘C’ wave).
That produced textbook monthly chart buy signals near their July ’26 lows while signaling a new multi-month advance in all the metals. This is likely to reverberate into Oct/Nov ’26 and ultimately into ~Sept/Oct ’27.
Gold & Silver spent ~5 months retracing to the rising monthly 21 High MACs – a pivotal level of steeply ascending support that often helps pinpoint a major wave ‘4’ low – and reversed higher. Gold’s monthly trend corroborated.
Gold was expected to see an initial surge to ~4490/GCZ and a subsequent rally to 4680/GCZ in August… while Silver had related targets & decision points at 70.80 – 72.80/SIU.
They also had weekly cycles projecting a high on Aug 21 – 28, ’26 that would fulfill a ~15-week low-high-high-high-(high; Aug 21 – 28, ’26) Cycle Progression. The weekly trends concurred…
Gold turned its weekly trend up – a lagging & confirming indicator that often reverses just before an initial multi-week top takes hold – on August 21st, increasing the potential for a high during the ensuing week – on Aug 24 – 28, ‘26.
That should trigger a reactive 1 – 3 week decline before the new weekly uptrend resumes and carries Gold to higher highs…
The XAU & HUI surged into late-August, fulfilling almost all of what was projected from their mid-July ’26 lows. In July, they fulfilled analysis for a multi-month low to take hold – the convergence of a 19 – 20-week high-high-high-(low) and a ~10-week high-high-high-high-(low) Cycle Progression.
That projected initial rallies of 5 – 6 weeks – ideally lasting into August 24 – 28, ’26 and rallying for .618 of that ~10-week cycle. That set the stage for a brief pullback.
Similar to Gold, these indexes turned their weekly trends back up on August 21st, portending a likely high on Aug 24 – 28th followed by a 1 – 3-week reactive pullback.
Another significant peak is expected in Oct ’26 that would fulfill a ~4-year low (4Q ’14) – low (Aug/Sept ’18) – low (Sept/Oct ’22) – (high; Sept – Nov ’26) Cycle Progression as well as a ~1-year/~360-degree low (Oct ’23) – high (Oct ’24) – high (Oct ’25) – (high; Oct ’26) Cycle Progression.
Platinum & Palladium also rallied into late-August with Platinum turning its weekly trend up and signaling the ideal time for a 1 – 3-week reactive pullback. This rally initially validates analysis for a multi-month low at mid-2026 with Platinum fulfilling a ~7-month/31 – 32-week low (Sept 2 – 6, ‘24) – low (April 7 – 11, ’25) – low (Nov 17 – 21, ’25) – (low; June 29 – July 2, ’26) Cycle Progression…
Platinum remains well above its April ’25 low – set when it fulfilled a 30 – 31-month low (Sept ‘17) – low (March ‘20) – low (Sept ‘22) – (low; Mar/Apr ‘25) Cycle Progression & projected a subsequent ~2.5-year/30 – 31-month rally to follow.
That projected a future 1 – 2-year peak in Sept/Oct 2027. The midpoint of that 30 – 31-month Cycle Progression – in July ‘26 – was expected to usher in an intervening low and the next phase of Platinum’s bull market.
So far, so good.
Palladium did initially bottom near 1150/PA, right at its rising monthly 21 Low MAC and the level of its Aug ’25 low. It has neutralized its weekly downtrend while tracing out the first stages of a potential weekly 21 MAC reversal sequence.
Copper remains on course for an overall advance into mid-2028 (May – Aug ‘28) when a ~4-year/50-51m low (Oct ‘11) – low (Jan ‘16) – low (Mar ‘20) – high (May ‘24) – (high; July/Aug 2028) Cycle Progression recurs. The midpoint helped time the June ’26 low and reinforces a ~6-year/~74-month low (Jan ’16) – high (Mar ’22) – (high; May 2028) Cycle Progression.
That is also when a ~3-year/~36-month low (July ’22) – high & low (July ’25) – (high; July 2028) Cycle Progression overlaps the potential fulfillment of successive 74 month rallies (July – Sept 2028). A ~17-Year Cycle Progression concurs (~4Q 1976 – 4Q 1993 – 1Q 2011 – 2Q/3Q 2028).
In the interim, a peak in 3Q ’26 is/was expected and initially fulfilled in Aug ’26.
For 2 – 3 decades, Copper has shown a strong proclivity to move in ~2-year & ~4-year cycles & waves. A few mature in 3Q ’26. A related ~4-year low-low-low-high-(high; 3Q ’28) Cycle Progression has its midpoint in July/Aug ’26.
The peak in ~Aug ’26 initially fulfilled that.” TRADING INVOLVES SUBSTANTIAL RISK!!
Gold & Silver, Platinum & Palladium and the XAU & HUI surged into late-August ‘26 and above 4680/GCZ (almost reaching the extreme target at ~4800/GCZ) – and to 72.05/SIZ – fulfilling the upside potential for this multi-week advance. (Oct ’26 is the next month in focus!) An intermediate top is now expected, turning focus to late-Sept ’26 for a subsequent low:
8-26-26 – “A myriad of signals identified late-July ‘26 as the most likely time for the onset of an accelerated rally in precious metals… a rally that could initially extend into late-August… Gold, Silver, Platinum & Palladium generated a series of convincing buy signals in mid-to-late-July…
Silver has related targets & decision points at 70.80 – 72.80/SIU… Silver has weekly cycles converging at this time and a high on Aug 21 – 28, ’26 would fulfill a ~15-week low-high-high-high-(high; Aug 21 – 28, ’26) Cycle Progression… The XAU & HUI also surged into late-August, fulfilling almost all of what was projected from their mid-July ’26 lows… and set the stage for a future (higher) low in late-Sept ’26…”
All this remains in the context of the unfolding scenarios projected for 2022 – 2028/2029, with Gold & Silver entering the next phase of their overriding outlook. Having fulfilled the projected surge into late-August ’26, that powerfully corroborates projections for 4Q 2026… including the timing and extent of the next (likely) rally in Gold & Silver, following a (projected) late-Sept ’26 intervening low!
Analysis for the US Dollar & Forex, Interest Rates, Stock Indexes and Bitcoin/cryptos concurs. TRADING INVOLVES SUBSTANTIAL RISK!
See current Weekly Re-Lay & INSIIDE Track publications for the most updated analysis.