Silver & Platinum Poised to Accelerate Higher After Mid-Month Lows!
05-14-25 – “Intra-month trends – up or down – provide a strong indication of what to expect leading into mid-month. That is often when an intra-month extreme – high or low – is set. As with all indicators, it takes synergy to corroborate this tool and increase its effectiveness.
When a market has declined into mid-month, it also has the potential to create an Intra-month V Reversal higher in which an initial high is seen early in the month, an intra-month low is set near mid-month, and a higher intra-month high is set near the end of the month – after a rally from mid-month.
The XAU (Gold & Silver Index) is one market that is providing the potential for this – based on a wealth of corroborating indicators…
From a timing perspective, mid-month (May 14 – 16th) is the fulfillment of a ~38-day low-low-(low) Cycle Progression (and arrives 6 months/180 degrees from the Nov 14, ’24 low in Gold & the XAU/ HUI preliminary low). It is also 3 months/90-degrees from the intervening Feb 14, ’25 peak.
On a 1 – 2-year basis, the XAU has just retraced to its Oct ’24 peak – a level of breakout resistance that is now ‘resistance turned into support’ (~175.00).
At the same time, it has spiked down to its latest weekly HLS level at 175.41/XAU (downside extreme target for this week)… as it nears its rising weekly 21 High MAC. It has done that while retracing 50% (175.71/XAU) of its April surge and 50% (175.12/ XAU) of its broader Feb – April ’25 advance.
At the same time, Gold is now within striking distance of its downside target and the convergence of 3 (out of 4) weekly HLS levels at 3123 – 3169/GCM. And Silver is showing continued resilience, remaining in a relatively tight ~5-week range and holding above its weekly support.
While the drop to these levels does not guarantee a low, or (yet) signal a reversal higher, it is worth monitoring to see if the XAU shows any signs of bottoming near current levels.
There are other markets where this mid-month period could also usher in an intermediate shift…
Gold & Silver are selling off again as Gold fulfills expectations for a ‘c’ wave decline that should drop to or below ~3170/GCM. Gold is now within striking distance of its downside targets and the convergence of 3 (out of 4) weekly HLS levels at 3123 – 3169/GCM. It has now retraced .618 (3176/GCM) of its most recent surge.
Silver is showing continued resilience, remaining in a relatively tight ~5-week range and holding above its weekly support. It would not turn its intra-month trend down until a daily close below 31.86/SIN. As long as that does not occur, Silver could see a new rally in the second half of May ’25.
The XAU & HUI have sold off into mid-month with both indexes dropping to their weekly HLS levels (extreme weekly downside target) and Oct ’24 highs – a pivotal range of multi-week support in both. The XAU needs a daily close above 185.00/XAU to re-enter positive territory.”
3-29-25 INSIIDE Track – “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 October ‘22 and have been projected to undergo a multi-year advance into 2026 or later…
Platinum triggered some intriguing – and potentially very bullish – signals… This could be one of the ‘golden’ (or is that ‘platinum’) trading opportunities of 2025! Platinum is on the cusp of turning its monthly 21 High MAC up… for the first time since October ‘23… it would generate a very bullish confirmation signal that would likely reverberate for 6 – 12 months to follow…
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. With Platinum closing the week at 996/PLN, it is a good place for traders to be adding to long positions…
Palladium remains above its August ‘24 low and in a constructive weekly trend pattern… Its weekly 21 MAC is also nearing the time (April 7 – 11, ‘25) when a reversal higher would become much easier to achieve… Palladium 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.”
Refer to latest Weekly Re-Lay & INSIIDE Track publications for additional details and/or related trading strategies.