Stock Index Strength Reinforced by April/May White Metals & XAU Bullish Signals!
05/28/25 – 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! As for other markets…
Stock Indices remain positive on an intra-month trend basis & 1 – 2 month basis after fulfilling the 3 – 6 month outlook for ~20 – 30% declines into early-April – when multi-month cycles & Cycle Progressions bottomed. Stocks have since rallied with key indexes capable of retesting their all-time highs and/or stretching this advance into June ’25.
The May 24, ‘25 Weekly Re-Lay described how stock indexes had retraced to rising support levels and were ready to resume their rallies and surge to higher multi-week highs leading into late-May and ultimately into ~mid-June ’25. That was validated on May 27th and remains the near-term outlook.
It also described an intriguing convergence of Cycle Progressions in the DJIA and other indexes that comes into play in [reserved for subscribers]…
At the same time (leading into May 23rd), the Russell 2000 dropped back to its rising daily 21 Low MAC and month-opening support while fulfilling the criterion for a right shoulder of an Inverted Head-and-Shoulders pattern. That reinforced the potential for pullback lows on May 23rd.
Though it must see corroboration (synergy) to this scenario, a daily close above ~2130/QRM would project a surge to ~xxxx/QRM, based (solely) on that indicator. Other technicals must concur.
The Russell 2000 is similar to other indexes in that a rally into xxxxx would complete/fulfill a 50% rebound in time and also fulfill weekly Cycle Progressions. Friday’s (May 23rd) low fulfilled daily HLS & HHS targets – attacking extreme downside (short-term) targets and reinforcing the likelihood for a pullback low and the onset of a new advance.
The DJTA provided its own collection of corroborating daily & intra-week indicators, pulling back to gap support, its rising daily 21 High MAC and daily trend support while twice neutralizing its daily uptrend (pinpointing May 23rd as the ideal date for a pullback low and reversal higher) and providing precise wave symmetry as it completed a 7-day/ ~820-point decline and matched the 7-day/~820-point decline of April 23 – 30th – a ‘wave 4 = wave 2’ retracement on a daily trend basis.
This week’s action validated those positive daily trends, daily 21 MACs, intra-month uptrends, wave objectives & future Cycle Progressions – projecting a late-May rally that should flow into next month. In the short-term, the intra-month uptrends should provide underlying support into month-end…
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… 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).
1 – 4 week traders can enter long positions in July micro-Silver (1,000 oz contract) futures at current levels and average into these down to xx.xx/SON. Risk/exit on xxxxx TRADING INVOLVES SUBSTANTIAL RISK
The XAU & HUI remains on track for an overall advance into the middle part of June ’25 – an outlook that has been repeatedly reinforced by intervening price action. One of the corresponding cycles is a 21 – 22-week high-high-low-low-low-(low; Dec 23 – Jan 3, ’25) Cycle Progression that timed the Dec 30, ’24 low & projected an overall advance into June ’25.”
Stock Indexes are powerfully reinforcing analysis for surges to new all-time highs after confirming multi-month bottoms in early-April ’25 – when the culmination of 20 – 30+% plunges was forecast… and when it ultimately took hold. At the time, they fulfilled major 1 – 2-year downside price targets and related 17-Year Cycle analysis for 2025 – reinforcing that a decisive bottom was taking hold.
Their monthly trend patterns, monthly 21 MACs & MARCs, monthly (and weekly) cycles, monthly downside objectives & 6 – 12 month support levels all argue for powerful rallies that catapult key indexes up to new all-time highs in the coming months. The multi-year wave structure is arguing for the same.
Metals are corroborating as Silver (along with Platinum & Palladium) fulfilled ongoing forecasts for major lows in early-April, triggering revealing buy signals that were followed by powerful surges. Mid-May ’25 triggered another wave of bullish signals, reinforcing related analysis for new surges in the XAU & HUI (into mid-June and ultimately early-August).
What Wave Structure Projects Rallies to New All-Time Highs?
How High Should Surge From Early-April Cycle Lows Reach?
Why Does Projected Silver/White Metals’/XAU Surge Corroborate?
Refer to latest Weekly Re-Lay & INSIIDE Track publications for additional details and/or related trading strategies.