- Silver shows signs of a late-stage rally; the author exited positions after reaching a $100 target, while some bullish investors expect $200 per ounce.
- Gold is described as at the start or late phase of a major uptrend, with psychological targets at $5,000, $8,000 and $10,000 per ounce.
- Platinum, with roughly 200 tonnes of annual supply, is expected to converge toward gold on a 1:1 basis if gold continues to rise.
- Palladium, used in gasoline emissions controls, could outperform platinum if auto demand persists; it previously traded higher and may exceed past peaks.
- The author warns that price bubbles can rise rapidly and reverse sharply, and notes that gold has recently cleared $5,000 per ounce.
A market commentator published a review of silver, gold, platinum and palladium prices and set specific targets and expectations for each metal. The piece reports current positions taken, projected price magnets, and supply details relevant to future price moves.
The author said they exited silver after treating $100 per ounce as a target and a magnet, while noting that some bullish investors expect silver to reach $200 per ounce. For gold, the author identified $10,000 per ounce as a long-term price magnet, with $8,000 and $5,000 per ounce noted as nearer-term reference points. The article states that gold has cleared $5,000 per ounce.
The commentary describes silver’s recent action as a vertical bubble phase (a rapid, large price increase likely to be unsustainable). The author wrote that silver appears to be in a late-stage bubble and quoted the phrase “it ain’t necessarily so.” The author also stated, “$100 was always a target and a magnet for me, so I’m out of silver.”
On platinum, the article reports annual production at about 200 tonnes and argues the metal should trade roughly 1:1 with gold if gold continues to rise. The piece notes platinum’s role as a precious-metal brand comparable to gold and says it may catch up as demand for internal combustion engine catalysts persists.
The author contrasted palladium and platinum by application: palladium is used to clean petrol (gasoline) exhaust while platinum is used for diesel. The article notes palladium has traded higher in the past and suggests it could move beyond previous highs if market drivers remain in place.
Charts accompanying the commentary were credited to ADVFN and the lead image to Getty. One chart captioned The Index of Gold on The Screen. The author acknowledged the potential for larger parabolic moves, writing “Yes I know you can draw a bigger parabola, but let’s hold back for now.”
The article closes with a reminder that price bubbles can reverse quickly and that gold’s trajectory will likely set the overall pace for other precious metals. The final line in the piece reads “Now that gold has cleared $5,000, things are going to get even more spicy.”
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