[GUEST ACCESS MODE: Data is scrambled or limited to provide examples. Make requests using your API key to unlock full data. Check https://lunarcrush.ai/auth for authentication information.]  Kacper Piotr Kaminski [@Kacper_PK_CH](/creator/twitter/Kacper_PK_CH) on x 3056 followers Created: 2025-07-20 14:55:03 UTC Weekly Markets Update – July 21, 2025 – Part X Precious & Industrial Metals Active Trades • Long $SLV vs $GLD, ratio close, entry XXX • Long $PALL, first entry XXX Potential Trades • Long silver and platinum at support Detailed Outlook $GLD, $SLV, $PL / $PPLT, $PA / $PALL, $HG Price action in the metals space has been nothing short of spectacular recently. As noted a few months ago, once gold started to take a breather, it was time to shift focus to the other precious metals, expecting them to catch up. That move played out well. Let’s start with silver. The target at XX was finally hit. I had expected it earlier, but the April tariffs crash delayed the move. Either way, I will take the win. Right now, the only meaningful technical levels are support at XX and the all-time high around 50, which could start acting like a magnet. Personally, I would prefer some consolidation here instead of a vertical rally, but I will go with whatever the market decides to give. Moving on to platinum and palladium, which have been standout performers over the last three months. The shift following the April drop was subtle but clear. Trader positioning flipped just enough to make a long position attractive. Hopefully you caught what I was highlighting at the time. Platinum now holds support near $XXXXX. If that level fails, we will need to build an entirely new base for further moves, potentially towards $XXXXX. Palladium just closed the week above $1,260, which is constructive. We saw a small test of that level, and we may test it again. If it holds, continuation toward the $XXXXX target remains in play. Now to copper. The new tariff threats, particularly the fifty percent figure, squeezed the shorts and gave a strong lift to U.S. prices. Where we go next depends entirely on political developments, which are nearly impossible to predict. It remains far easier to trade the reaction to headlines than to anticipate the headlines themselves. As for other metals, we are finally seeing some real movement in lithium. Anyone who takes speculation seriously had to be looking into that space at peak pessimism, which I mentioned back then. We have seen a bounce in the equities from what looks like a capitulation bottom. That said, with supply still more than adequate, I expect some pullbacks and multiple chances to build a position. Uranium also saw a correction in the spot price. Traders who tried to front-run the Sprott buying likely did not read the Trust’s filings carefully. The fund has plenty of room to wait and make deliberate purchases. This pullback has not ended the medium-term uptrend, but in the short term we may continue to drift sideways. I am watching the second half of the year closely, when both the fundamental contracting cycle and seasonal factors could turn more favorable.  XXX engagements  **Related Topics** [balance sheet](/topic/balance-sheet) [$hg](/topic/$hg) [$pa](/topic/$pa) [$pplt](/topic/$pplt) [$pl](/topic/$pl) [$pall](/topic/$pall) [$gld](/topic/$gld) [$slv](/topic/$slv) [Post Link](https://x.com/Kacper_PK_CH/status/1946946962642575750)
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Kacper Piotr Kaminski @Kacper_PK_CH on x 3056 followers
Created: 2025-07-20 14:55:03 UTC
Weekly Markets Update – July 21, 2025 – Part X
Precious & Industrial Metals
Active Trades
• Long $SLV vs $GLD, ratio close, entry XXX • Long $PALL, first entry XXX
Potential Trades
• Long silver and platinum at support
Detailed Outlook $GLD, $SLV, $PL / $PPLT, $PA / $PALL, $HG
Price action in the metals space has been nothing short of spectacular recently. As noted a few months ago, once gold started to take a breather, it was time to shift focus to the other precious metals, expecting them to catch up. That move played out well.
Let’s start with silver. The target at XX was finally hit. I had expected it earlier, but the April tariffs crash delayed the move. Either way, I will take the win. Right now, the only meaningful technical levels are support at XX and the all-time high around 50, which could start acting like a magnet. Personally, I would prefer some consolidation here instead of a vertical rally, but I will go with whatever the market decides to give.
Moving on to platinum and palladium, which have been standout performers over the last three months. The shift following the April drop was subtle but clear. Trader positioning flipped just enough to make a long position attractive. Hopefully you caught what I was highlighting at the time. Platinum now holds support near $XXXXX. If that level fails, we will need to build an entirely new base for further moves, potentially towards $XXXXX. Palladium just closed the week above $1,260, which is constructive. We saw a small test of that level, and we may test it again. If it holds, continuation toward the $XXXXX target remains in play.
Now to copper. The new tariff threats, particularly the fifty percent figure, squeezed the shorts and gave a strong lift to U.S. prices. Where we go next depends entirely on political developments, which are nearly impossible to predict. It remains far easier to trade the reaction to headlines than to anticipate the headlines themselves.
As for other metals, we are finally seeing some real movement in lithium. Anyone who takes speculation seriously had to be looking into that space at peak pessimism, which I mentioned back then. We have seen a bounce in the equities from what looks like a capitulation bottom. That said, with supply still more than adequate, I expect some pullbacks and multiple chances to build a position.
Uranium also saw a correction in the spot price. Traders who tried to front-run the Sprott buying likely did not read the Trust’s filings carefully. The fund has plenty of room to wait and make deliberate purchases. This pullback has not ended the medium-term uptrend, but in the short term we may continue to drift sideways. I am watching the second half of the year closely, when both the fundamental contracting cycle and seasonal factors could turn more favorable.
XXX engagements
Related Topics balance sheet $hg $pa $pplt $pl $pall $gld $slv