Silver Reinforcing Likely Multi-Month Low; XAU Corroborates New Bullishness.
04-09-25 – “Gold & Silver sold off with Silver finally fulfilling what it signaled in Dec ’24…
At the time, Silver turned its weekly trend down after Gold had failed to do the same thing. That began a multi-month period of divergence – on different levels – with Gold projecting a surge to new highs in 1Q ’25 as Silver portended ongoing congestion and a rally to a lower high.
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 adhered to that outlook and was only able to twice neutralize its weekly downtrend during the subsequent 1Q ’25 rally… reinforcing the likelihood for a drop below its mid-Dec ’24 low.
Meanwhile, Gold was tracing out a 5-wave advance from its mid-November low – a low that fulfilled multiple downside objectives including the matching of its largest previous decline (~260.0/GC) and ushered in the latest surge.
Since late-February, Gold has also traced out a 5-wave advance as part of that larger-magnitude 5th wave (of the 5-wave advance from Nov ’24).
Silver peaked in lockstep with its weekly trend pattern and reversed lower during the week after its weekly 21 MAC had turned down (late-March).
It has already 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 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. That is also 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 from that support.
From a timing perspective, 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 XAU & HUI sold off and neutralized their weekly uptrend after fulfilling the potential for a late-March peak. The XAU surged to the convergence of monthly resistance and extremes (178.20 – 179.60/ XAU) and set a multi-week top at that time.
It rallied for more than half of the latest phase of its 21 – 22-week high-high-low-low-low-(low; Dec 23 – Jan 3, ’25) Cycle Progression, reinforcing the next phase should be a peak – on June 2 – 6, ’25.
That also set the stage for a multi-week drop with initial support near 150 – 151.00/XAU.
The XAU attacked that support so the coming days are critical to determine if any additional downside is still likely… or if a bottom is intact.
It is rallying after spiking below its rising weekly 21 AND 40 High MACs – a potential bullish development.”
Gold & Silver are validating analysis for early-April and preparing to enter new advances after Silver finally fulfilled what has been projected since December ’24 – a drop to new multi-month lows and a test of ~27.60/SI, its 4th wave of lesser degree support. That is also in sync with cycles and the outlook for two other white metals – Platinum & Palladium – with Platinum now entering a potentially bullish time.
The month of April ‘25 and the week of April 7 – 11, ’25 are when cycles and multiple corresponding timing AND price indicators were/are expected to turn bullish and reinforce the ongoing outlook for a Major surge in Silver & Platinum (and likely Palladium also) in 2025… projected to take hold in April ’25.
The April ’25 INSIIDE Track detailed why Platinum is on the cusp of a Major advance, stating: “This could be one of the ‘golden’ (or is that ‘platinum’) trading opportunities of 2025!”
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…
Outlook 2022/23: A New Currency War Begins
Outlook 2023: A New Currency War & Inflation
April 2025 ushers in a new and reinforcing phase of this overall shift and could spur major rallies in key metals. See current publications for the most updated analysis.
INSIIDE Track Trading – Subscriptions Order Page
Refer to latest Weekly Re-Lay & INSIIDE Track publications for additional details and/or related trading strategies.