Silver & Platinum Poised to Accelerate Higher as Palladium Enters Bullish Period!
05-17-25 – “Gold & Silver are fulfilling expectations and could enter new rallies in late-May…Gold & Silver sold off into mid-month 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 recent and most applicable weekly HLS at 3123/GCM.
Gold spiked down to 3123/GCM (while retracing .618 of its most recent surge) and quickly surged from that level… Meanwhile, Silver remained resilient and merely retested its month-opening low without closing below it. That keeps Silver in a relatively tight ~5-week range – a potential ‘2’ wave pullback of a developing new 5-wave advance…
Silver could see a new rally in the second half of May ’25… Gold fulfilled a symmetrical ‘c = a’ wave correction – with the ‘c’ wave equaling the ‘a’ wave in both price and time – so the May 19th action needs to clarify.
The XAU & HUI sold off into mid-month with both indexes dropping to their weekly HLS levels (extreme weekly downside target) and Oct ’24 highs – pivotal ranges of multi-week support in both – while retracing 50% of their April surge…
Platinum & Palladium are attempting to rally with Platinum leading the way. They did not spike much higher leading into mid-month so there is still impending upside potential that could stretch a rally into late-May when Platinum has a ~3.5-month high-high-(high) Cycle Progression culminating.
Weekly closes above 1032/PLN & 1009/PAM are needed to provide convincing signs of a multi-month low and the onset of a larger-magnitude (likely 3 – 6 month) advance.
Copper is trading similar to Silver, retracing from its rebound peak in late-April but not (yet) displaying significant new weakness. This comes after it bottomed in early-April – while fulfilling a ~13-week/~90-degree high-high-low-(low) Cycle Progression – and then surged into a ~4-week/27 – 29-day low-low-low-high-(high; April 22 – 24) 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.
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. As long as that low holds, it should spur at least a 7 – 8 month (ideally, ~10-month) advance.
The April 7th low is also critical from a weekly trend perspective.
As Copper was plunging into that low, it triggered a pair of neutral signals against its prevailing weekly uptrend. Since then, it has added more. However, Copper cannot turn that weekly trend indicator down until a weekly close below 4.0740/HGN. That is also what it would take to turn the intra-year trend down.
From many perspectives, that April 7th low is a decisive & pivotal one. As long as Copper remains above it, it is perceived to be in a developing new multi-month uptrend. On a near-term basis, Copper needs a daily close above 4.810/HGN to signal new strength.”
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.