Stocks & Silver Focused on Late-July ’25 Cycle Peaks; Pullbacks Could Intervene.
06-28-25 – “Stock indexes remain positive, fulfilling ongoing analysis for a new advance from April 7th – when stocks completed their projected 3 – 6 month/20 – 30+% declines – that should take many indexes to new all-time highs. The S+P 500 & NQ-100 have just fulfilled that but the DJIA is still likely to retest its major peak as well. In the interim, a quick drop into early-July is expected…
Stock indices rallied further with the DJIA, Russell 2000 and S+P Midcap 400 finally turning their weekly trends up and joining the S+P 500 & NQ-100 in that structure. (The DJTA needs a weekly close above 15,540 to follow suit.)
That also means those indexes now enter the ideal time for an initial multi-week top followed by a reactive 1 – 3 week sell-off…
That further corroborates the overall outlook for many of these indexes to rally from their April 7th lows to new all-time highs (as a result of multiple monthly indicators discussed in April ’25). The S+P 500 & NQ-100 accomplished that this week with the DJIA still capable of doing the same.
If that does not occur in the coming week, the DJIA (and others) could stretch their overall advances into late-July ’25, the next phase of a consistent ~35-week** high (late-July ‘23) high (late-Mar ’24) – high (late-Nov ’24) – (high; July 27 – 31, ’25) Cycle Progression.
If that is the case, it would also represent wave symmetry with the culminating rallies – in Aug – Nov ’24 & April – late-July ’25 – each lasting 16 weeks in duration. [**That ~35-week cycle is the nearly-ubiquitous ~8-month cycle that has been a recurring feature in stocks… for decades.]
Stock indices began the week, dropping to their daily trend support and intra-month trend support levels and holding (on June 20/23rd), preventing any escalation of the June ’25 sell-offs. As a result, they failed to elevate the June 12/13th highs (to anything more than 1 – 2 week peaks) – portending rallies to new intra-month highs…
Gold & Silver remain mixed with Gold turning its daily trend back down and ultimately triggering negative daily 21 MAC signals while turning the intra-month trend down… Meanwhile, Silver pulled back to begin the week – attacking weekly support while precisely fulfilling a ‘wave 4 = wave 2’ structure with two successive corrections of ~2.20/SIU each (April 23 – May 15 & June 18 – 24th).
That ushered in the time for a new rally – reinforced by Silver’s daily trend pattern – the likely ‘wave 5’ of its overall (initial) advance from the early-April ‘25 cycle low. That will remain the case until/unless Silver gives a daily close below 35.53/SIU (that would turn the daily trend down).
From a broader perspective, Silver is still targeting a multi-month rally (from early-April) to 39.50 – 40.00/SI, where the latest 4 monthly LHRs collide. Silver also has a pair of range-trading targets at 39.50 – 40.00/SI that reinforce this upside target (~28.50 low – ~34.10 high – ~39.70/ SIU high AND ~28.50 low – ~32.25 low – ~36.00 high – ~39.75/SIU high).
Silver’s recent low fulfilled projections for a multi-week low to take hold on June 24th (+ or – 1 trading day) – the latest phase of a ~5-week/38-day low-low-low-(low) Cycle Progression and it’s trading-day equivalent, a 27 trading day low-low-low-(low; June 24, ’25) Cycle Progression…
Of added (cyclic) interest, this low also arrived at the midpoint of an over-arching 10 – 11-week/~76-day low (July ’24) – low (Oct ’24) – low (Dec ’24) – low (Feb ’25) – low (May 15, ’25) – (high; ~July 30, ’25) Cycle Progression.
That future cycle – a potential peak – would be the latest phase of a ~3-month/~90-degree & ~6-month/ ~180-degree high – high cycle that already includes the late-Oct ’24 & late-April ’25 peaks and projects a future high for late-Oct/early-Nov ’25 (with an intervening high in late-July ’25).
Gold & Silver are expanding their divergence with Gold back in a daily downtrend – while adding reinforcing negative signals – as Silver fights to remain in an all-out uptrend.
If that is to remain the case, and Silver is to rally to new highs in the near term, it should not give a daily close below 35.53/SIU.
The XAU & HUI pulled back with the XAU dropping right to weekly support and nearly spiking down to its weekly HLS (the HUI spiked below its weekly HLS, fulfilling its related downside target). At the end of the week, the XAU turned its daily trend down – confirming a multi-week peak (in early & mid-June).
The XAU fulfilled the outlook for an overall advance into the middle part of June ’25 – when a multi-week high was most likely. 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 XAU low & projected an advance into June 6 – 13, ’25.
That index also fulfilled a weekly LHR indicator pattern by peaking on June 13th, projecting a drop to a corresponding weekly HLS in the weeks that follow. With the XAU nearly fulfilling that while the HUI did fulfill it, they both set the stage for an opposing multi-week low in the near future.” TRADING INVOLVES SUBSTANTIAL RISK!
Stock Indexes are convincingly fulfilling projections for surges to new all-time highs after confirming multi-month bottoms in early-April ’25 – when they fulfilled major 1 – 2-year downside price targets and related 17-Year Cycle analysis for 2025 (projected 20 – 30+% plunges). A myriad of monthly indicators projected subsequent rallies to new all-time highs – with multi-month cycle highs focused on late-July ‘25.
Silver, Platinum & Palladium fulfilled ongoing forecasts for major lows in early-April, triggering convincing buy signals that were followed by powerful surges. Silver is targeting a rally above 39.50/SI while Platinum is projected to reach ~1500/PL, at a minimum. The XAU & HUI fulfilled projections for rallies into mid-June but are poised for opposing lows in the near future. Rallies into August ’25 should follow.
Why Did Key Indexes Project New All-Time Highs?
How Significant are Late-July ’25 Cycle Highs in Stocks & Silver?
What Does Projected Silver/White Metals’/XAU Surge Portend?
Refer to latest Weekly Re-Lay & INSIIDE Track publications for additional details and/or related trading strategies.