[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 3122 followers Created: 2025-07-27 11:34:24 UTC Weekly Markets Update – July 28, 2025 – Part X Precious & Industrial Metals Active Trades • Long $SLV vs $GLD, ratio close, entry XXX • Long $PALL, first entry $XXX • Long $COP.U vs Short $CPER spread close trade Potential Trades • Long silver and platinum at support $GLD, $SLV, $PL / $PPLT, $PA / $PALL, $HG Price action in the metals space has been nothing short of spectacular recently, though we may see some pause here if the dollar catches a break. 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 it. 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. As I said last week, 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 trades fairly over $XXXXX resistance, and if we get a pullback, that is where I will be looking for new support. On the upside, I am looking at a $XXXXX target. Palladium just closed the second week above $1,260, which is constructive. We have now seen several tests of that level, and if it turns into strong support, then the continuation toward the $XXXXX longer-term target remains in play. Now to copper. The new tariff threats, particularly the fifty percent figure, squeezed the shorts, mostly innocent producers, and gave a strong lift to U.S. prices. Where we go next depends entirely on political developments, which are nearly impossible to predict. It remains far easier to trade the reaction to headlines than to anticipate the headlines themselves. In any case, U.S. copper trades at a XX% premium to the world price, thus harming to a high extent domestic industries across the board. It is used in every manufacturing and construction activity. As for other metals, we are finally seeing some real movement in lithium. Anyone who takes speculation seriously had to be looking into that space at peak pessimism, which I mentioned back then. We have seen a bounce in the equities from what looks like a capitulation bottom. That said, with supply still more than adequate, I expect some pullbacks and multiple chances to build a position. Uranium also saw a correction in the spot price. Traders who tried to front-run the Sprott buying likely did not read the Trust’s filings carefully. The fund has plenty of room to wait and make deliberate purchases. This pullback has not ended the medium-term uptrend, but in the short term we may continue to drift sideways. I am watching the second half of the year closely, when both the fundamental contracting cycle and seasonal factors could turn more favorable.  XXXXX engagements  **Related Topics** [balance sheet](/topic/balance-sheet) [$hg](/topic/$hg) [$pa](/topic/$pa) [$pplt](/topic/$pplt) [$pl](/topic/$pl) [$cper](/topic/$cper) [$copu](/topic/$copu) [$pall](/topic/$pall) [Post Link](https://x.com/Kacper_PK_CH/status/1949433185344930264)
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Kacper Piotr Kaminski @Kacper_PK_CH on x 3122 followers
Created: 2025-07-27 11:34:24 UTC
Weekly Markets Update – July 28, 2025 – Part X
Precious & Industrial Metals
Active Trades
• Long $SLV vs $GLD, ratio close, entry XXX • Long $PALL, first entry $XXX • Long $COP.U vs Short $CPER spread close trade
Potential Trades
• Long silver and platinum at support
$GLD, $SLV, $PL / $PPLT, $PA / $PALL, $HG
Price action in the metals space has been nothing short of spectacular recently, though we may see some pause here if the dollar catches a break. 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 it. 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. As I said last week, 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 trades fairly over $XXXXX resistance, and if we get a pullback, that is where I will be looking for new support. On the upside, I am looking at a $XXXXX target. Palladium just closed the second week above $1,260, which is constructive. We have now seen several tests of that level, and if it turns into strong support, then the continuation toward the $XXXXX longer-term target remains in play.
Now to copper. The new tariff threats, particularly the fifty percent figure, squeezed the shorts, mostly innocent producers, 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. In any case, U.S. copper trades at a XX% premium to the world price, thus harming to a high extent domestic industries across the board. It is used in every manufacturing and construction activity.
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.
XXXXX engagements
Related Topics balance sheet $hg $pa $pplt $pl $cper $copu $pall