Silver, Platinum and Oil

5 hari lalu

This is how I see the precious metals and oil bull market most likely playing out.

I believe we are at the equivalent of where the vertical red dotted line is.

Oil outperforms precious metals (Gold, Silver, Platinum and Palladium) until Q3 2027 to Q4 2028. - approximately.

That will be wave 3 of 5 for Oil.

At the end of wave 3 - Oil will likely be priced between $250-400.
Oil then starts it’s wave 4 retracement.

While Oil ends wave 3, Silver will likely be in the $35-50 range. Likely closer to $50 and also coming to the end of a consolidation after already reaching approx $50 several months earlier. Then while Oil does wave 4, Silver will have an explosive move above $50 to somewhere into the $125 - 200 range. This will coincide with the Oil/Silver ratio breaking down from approx 6-7. Red zone marking expensive Oil, Green zone marking cheap Oil.

After Oil completes wave 4 it will then go on to make wave 5 and peak somewhere in the $400-600 range.

Once Oil peaks, Silver will start it’s wave 5 move and peak in the $300-600 range.

As for Platinum, it might peak at the same time as Oil like it did last time in 2008. Gold and Silver peaked 3 years later in 2011.
So it might peak at the same time Silver and Gold do.

I also expect Silver and Platinum to outperform Gold which is why I’m not including it here.

The purple vertical dotted line marks roughly when I think the Oil to Silver ratio will peak and when Silver starts it’s explosive break above $50.