Every Metal Is Green Today! What Happened?

The metals complex is seeing a broad rally, with gold, silver, copper, platinum, and palladium all up. Gold is pressured by higher yields and a stronger dollar but supported by strong central bank buying, with UBS targeting $5,500/oz by end of 2026. Silver is playing catch-up to copper. The dollar and yields bounced on geopolitical news (Iran) but are retreating, providing a tailwind for gold.

Yields down , short term, interviewee explicit

explicit

NDX

RUT

Oil

Metals up , short term, interviewee explicit

explicit

USD cautious down , short term, interviewee implicit

implicit

Blue Line Futures 7.5
Hedge Fund
Phillip Streible 6.0

Every Metal Is Green Today! What Happened?

gold → 5500

dxy

The dollar index bounced higher yesterday along with yields, but yields are now retreating, implying the dollar may also be retreating, which is boosting gold.

metals

Gold is up over a percent, silver up about one and three quarters, platinum up one and three quarters, palladium up one and a half, copper just under one percent. Green across the screen in that metals complex.

88 calls

+5

no reliable edge (random outcomes)

6/1/2026 5:29:41 PM	short term sharp up	6 days later	-6.14%	-9.21%
5/28/2026 6:20:00 PM	short term down	5 days later	-2.61%	+2.61%
5/28/2026 2:12:37 PM	short term down	5 days later	-2.61%	+2.61%
5/27/2026 8:38:49 PM	short term down	5 days later	-0.24%	+0.24%
5/26/2026 8:03:19 PM	short term up	5 days later	+0.40%	+0.40%
5/26/2026 1:55:39 PM	short term up	5 days later	+0.40%	+0.40%
5/21/2026 1:58:28 PM	short term cautious down	5 days later	-0.89%	+0.45%
5/14/2026 6:12:33 PM	short term down	5 days later	-0.30%	+0.30%
5/14/2026 1:53:21 PM	short term cautious down	5 days later	-0.30%	+0.15%
5/13/2026 1:45:31 PM	short term sharp up	5 days later	-6.77%	-10.15%
5/12/2026 6:00:05 PM	short term sharp up	5 days later	-6.49%	-9.74%
4/16/2026 10:24:59 PM	medium term up	20 days later	-3.17%	-3.17%
3/19/2026 5:20:35 PM	short term down	5 days later	+2.41%	-2.41%
3/18/2026 1:13:58 PM	short term cautious down	5 days later	-4.63%	+2.31%
3/16/2026 1:23:55 PM	short term cautious down	6 days later	-12.28%	+6.14%
3/10/2026 1:03:21 PM	short term cautious up	5 days later	-4.17%	-2.09%
3/4/2026 1:58:21 PM	short term up	5 days later	+4.23%	+4.23%
3/3/2026 2:19:16 PM	short term cautious down	5 days later	+1.56%	-0.78%
2/25/2026 11:43:15 PM	short term sharp up	5 days later	-4.16%	-6.25%
2/25/2026 2:15:06 PM	short term up	5 days later	-4.16%	-4.16%
2/24/2026 2:02:50 PM	short term up	5 days later	+2.77%	+2.77%
2/23/2026 2:01:27 PM	short term up	6 days later	+3.23%	+3.23%
2/17/2026 2:09:29 PM	short term down	5 days later	+8.30%	-8.30%
2/16/2026 3:07:19 PM	short term up	6 days later	+11.89%	+11.89%
2/12/2026 2:35:02 PM	short term sharp up	5 days later	-0.44%	-0.66%
2/11/2026 2:40:37 PM	short term sharp up	5 days later	-0.94%	-1.41%
2/10/2026 10:04:22 PM	medium term sharp up	20 days later	-0.91%	-1.37%
2/4/2026 2:35:05 PM	short term sharp up	5 days later	+6.93%	+10.40%
2/3/2026 1:56:20 PM	short term sharp up	5 days later	-0.05%	-0.08%
2/2/2026 6:29:20 PM	short term sharp down	6 days later	+1.02%	-1.52%
1/30/2026 2:05:52 PM	short term down	7 days later	+6.99%	-6.99%
1/28/2026 2:08:44 PM	short term sharp up	5 days later	-16.50%	-24.75%
1/26/2026 2:15:07 PM	short term sharp up	6 days later	-18.04%	-27.06%
1/23/2026 10:07:21 PM	long term sharp up	60 days later	-22.49%	-33.74%
1/22/2026 11:27:23 PM	long term sharp up	60 days later	-21.43%	-32.14%
1/21/2026 11:13:16 PM	short term cautious down	5 days later	+9.15%	-4.58%
1/21/2026 2:14:38 PM	short term cautious up	5 days later	+9.15%	+4.58%
1/20/2026 2:41:17 PM	short term sharp up	5 days later	+9.79%	+14.69%
1/14/2026 11:25:04 PM	short term sharp up	5 days later	+2.92%	+4.38%
1/14/2026 2:13:25 PM	short term sharp up	5 days later	+2.92%	+4.38%
12/23/2025 2:10:09 PM	short term sharp up	5 days later	-1.80%	-2.71%
12/19/2025 5:07:19 PM	long term sharp up	60 days later	+16.09%	+24.14%
12/19/2025 1:48:55 PM	long term up	60 days later	+16.09%	+16.09%
12/17/2025 2:18:23 PM	short term sharp up	5 days later	+6.43%	+9.65%
12/15/2025 10:17:24 PM	medium term sharp up	20 days later	+9.32%	+13.98%
12/11/2025 2:02:09 PM	short term sharp up	5 days later	+3.72%	+5.58%
12/10/2025 2:04:36 PM	long term up	60 days later	+23.10%	+23.10%
12/8/2025 1:55:19 PM	short term up	6 days later	+3.45%	+3.45%
12/4/2025 1:55:43 PM	short term up	5 days later	+2.17%	+2.17%
12/3/2025 1:42:38 PM	short term sharp up	5 days later	+2.32%	+3.48%
11/28/2025 2:32:51 PM	short term sharp up	7 days later	-0.33%	-0.49%
11/27/2025 3:34:31 PM	short term sharp up	5 days later	+1.03%	+1.54%
11/25/2025 2:09:39 PM	short term sharp up	5 days later	+3.64%	+5.46%
11/20/2025 2:01:46 PM	long term up	60 days later	+39.54%	+39.54%
11/19/2025 2:11:41 PM	short term sharp up	5 days later	+1.62%	+2.43%
11/18/2025 2:15:37 PM	short term cautious down	5 days later	+0.93%	-0.46%
11/17/2025 11:09:46 PM	short term cautious down	6 days later	+1.23%	-0.61%
11/14/2025 2:02:42 PM	short term down	7 days later	+2.12%	-2.12%
11/12/2025 10:49:45 PM	short term sharp up	5 days later	-2.36%	-3.55%
11/12/2025 2:16:05 PM	short term sharp up	5 days later	-2.36%	-3.55%
11/11/2025 1:54:15 PM	short term sharp up	5 days later	-4.54%	-6.81%
11/7/2025 1:44:27 PM	short term sharp up	7 days later	-1.60%	-2.40%
10/30/2025 1:04:43 PM	short term cautious up	5 days later	-0.56%	-0.28%
10/29/2025 1:10:53 PM	short term sharp up	5 days later	-2.75%	-4.13%
10/28/2025 1:16:24 PM	short term cautious down	5 days later	+1.40%	-0.70%
10/27/2025 10:44:23 PM	short term cautious down	6 days later	+1.62%	-0.81%
10/13/2025 2:05:40 PM	long term sharp up	62 days later	+9.99%	+14.98%
10/2/2025 1:50:52 PM	short term sharp up	5 days later	+4.07%	+6.10%
9/29/2025 2:11:15 PM	short term sharp up	6 days later	+3.17%	+4.76%
9/26/2025 2:00:35 PM	short term sharp up	7 days later	+3.49%	+5.23%
9/24/2025 2:07:11 PM	medium term up	20 days later	+17.30%	+17.30%
9/22/2025 1:45:19 PM	short term sharp up	6 days later	+3.29%	+4.93%
9/19/2025 2:06:39 PM	short term cautious up	7 days later	+3.81%	+1.91%
9/12/2025 2:07:34 PM	short term sharp up	7 days later	+2.06%	+3.09%
9/11/2025 1:56:16 PM	short term cautious up	5 days later	-0.42%	-0.21%
9/10/2025 1:41:49 PM	short term cautious down	5 days later	+1.48%	-0.74%
9/9/2025 11:14:55 PM	medium term sharp up	20 days later	+8.17%	+12.26%
9/9/2025 2:18:10 PM	short term sharp up	5 days later	+1.78%	+2.68%
9/3/2025 1:52:44 PM	short term sharp up	5 days later	+1.66%	+2.50%
9/2/2025 2:02:33 PM	short term sharp up	5 days later	+1.32%	+1.98%
8/28/2025 2:17:15 PM	short term up	5 days later	+3.29%	+3.29%
8/13/2025 2:10:59 PM	short term up	5 days later	-1.16%	-1.16%
8/4/2025 11:45:30 PM	medium term up	20 days later	-0.08%	-0.08%
7/24/2025 2:44:36 PM	short term down	5 days later	-2.54%	+2.54%
7/18/2025 2:12:59 PM	short term up	7 days later	-2.39%	-2.39%

Show all 85 metals results

yields

Ten-year Treasury yields shot up to 4.52% yesterday but closed back below 4.5% at 4.48%, and are now trading at 4.45%.

59 calls

-2

no reliable edge (random outcomes)

6/2/2026 1:51:56 PM	short term cautious up	5 days later	+1.36%	+0.68%
5/28/2026 6:20:00 PM	short term up	5 days later	+0.85%	+0.85%
5/28/2026 2:12:37 PM	short term up	5 days later	+0.85%	+0.85%
5/26/2026 8:03:19 PM	short term cautious down	5 days later	-0.13%	+0.07%
5/26/2026 1:55:39 PM	short term cautious down	5 days later	-0.13%	+0.07%
5/21/2026 1:58:28 PM	short term up	5 days later	-1.69%	-1.69%
5/14/2026 6:12:33 PM	short term cautious up	5 days later	-0.50%	-0.25%
5/14/2026 1:53:21 PM	short term cautious up	5 days later	-0.50%	-0.25%
5/13/2026 5:26:50 PM	short term sharp up	5 days later	+4.62%	+6.93%
5/6/2026 2:05:14 PM	short term down	5 days later	+1.62%	-1.62%
5/4/2026 2:08:49 PM	short term up	6 days later	-0.14%	-0.14%
4/29/2026 2:22:08 PM	short term up	5 days later	+0.59%	+0.59%
4/24/2026 2:18:16 PM	short term up	7 days later	+2.54%	+2.54%
3/31/2026 2:11:17 PM	short term down	5 days later	+0.37%	-0.37%
3/27/2026 1:10:42 PM	short term up	7 days later	-0.16%	-0.16%
3/26/2026 1:05:27 PM	short term up	5 days later	-2.73%	-2.73%
3/25/2026 1:10:36 PM	short term down	5 days later	-2.38%	+2.38%
3/23/2026 1:14:06 PM	short term sharp up	6 days later	-1.14%	-1.71%
3/18/2026 1:13:58 PM	short term down	5 days later	+2.59%	-2.59%
3/10/2026 1:03:21 PM	short term cautious down	5 days later	+0.29%	-0.14%
3/5/2026 2:11:33 PM	short term up	5 days later	+1.81%	+1.81%
3/4/2026 1:58:21 PM	short term up	5 days later	-0.24%	-0.24%
3/3/2026 2:19:16 PM	short term up	5 days later	+1.37%	+1.37%
2/17/2026 2:09:29 PM	short term down	5 days later	-1.23%	+1.23%
2/16/2026 3:07:19 PM	short term down	6 days later	-0.57%	+0.57%
2/12/2026 2:35:02 PM	short term down	5 days later	+0.57%	-0.57%
2/11/2026 2:40:37 PM	short term down	5 days later	-1.27%	+1.27%
1/30/2026 2:05:52 PM	short term up	7 days later	-1.80%	-1.80%
1/21/2026 2:14:38 PM	short term up	5 days later	-0.61%	-0.61%
1/20/2026 2:41:17 PM	short term sharp up	5 days later	-0.94%	-1.41%
12/23/2025 2:10:09 PM	short term cautious down	5 days later	-0.48%	+0.24%
12/19/2025 1:48:55 PM	short term up	7 days later	-1.27%	-1.27%
12/11/2025 2:02:09 PM	short term down	5 days later	-1.03%	+1.03%
12/10/2025 2:04:36 PM	short term up	5 days later	+0.19%	+0.19%
12/9/2025 2:09:53 PM	short term sharp up	5 days later	+0.43%	+0.65%
12/4/2025 1:55:43 PM	short term cautious down	5 days later	+0.60%	-0.30%
11/28/2025 2:32:51 PM	short term down	7 days later	+1.86%	-1.86%
11/27/2025 3:34:31 PM	short term down	5 days later	+1.00%	-1.00%
11/25/2025 2:09:39 PM	short term down	5 days later	+2.45%	-2.45%
11/24/2025 2:27:59 PM	short term cautious down	6 days later	+2.35%	-1.17%
11/20/2025 2:01:46 PM	short term cautious up	5 days later	-1.60%	-0.80%
11/14/2025 2:02:42 PM	short term cautious up	7 days later	-2.30%	-1.15%
11/5/2025 2:23:24 PM	short term cautious down	5 days later	+0.66%	-0.33%
10/30/2025 1:04:43 PM	short term cautious down	5 days later	+1.37%	-0.68%
10/29/2025 1:10:53 PM	short term down	5 days later	-0.10%	+0.10%
10/28/2025 1:16:24 PM	short term down	5 days later	+1.18%	-1.18%
10/27/2025 10:44:23 PM	short term down	6 days later	+3.09%	-3.09%
10/2/2025 1:50:52 PM	short term down	5 days later	+0.24%	-0.24%
9/29/2025 2:11:15 PM	short term down	6 days later	+0.34%	-0.34%
9/26/2025 2:00:35 PM	short term down	7 days later	+0.51%	-0.51%
9/10/2025 1:41:49 PM	short term up	5 days later	+0.37%	+0.37%
9/9/2025 11:14:55 PM	medium term sharp down	20 days later	+2.88%	-4.32%
9/9/2025 2:18:10 PM	short term down	5 days later	+0.05%	-0.05%
9/2/2025 2:02:33 PM	short term up	5 days later	-3.92%	-3.92%
8/28/2025 2:17:15 PM	short term cautious down	5 days later	-0.38%	+0.19%
8/13/2025 2:10:59 PM	short term down	5 days later	+0.21%	-0.21%
7/18/2025 2:12:59 PM	short term down	7 days later	+1.10%	-1.10%

Show all 57 yields results

Phillip Streible

Copper is testing resistance near $6.71 from January and May 2026, with potential to break out to $7. Gold is holding yesterday's lows and aiming for the channel top at $46.47-$47.50, then April highs near $4,900. Silver needs to close above $78 to run to $80, having held $73 on a closing basis and seen a washout to $72 met by significant buying.

Silver is hugging the 50-day moving average on both sides. Gold is bouncing off the 200-day moving average but contained below the 50-day, ping-ponging back and forth.
Phillip Streible

UBS notes gold is 17% below its January record highs, pressured by the conflict, higher oil, higher-for-longer inflation expectations, and a tightening Fed policy setup. The opportunity cost of holding non-yielding gold becomes more expensive, explaining the downward trend. However, they expect strong central bank buying to continue and target $5,500/oz by end of 2026, viewing gold as a strategic portfolio hedge.

Three Fed speakers are scheduled: Kashkari, Hammack, and Goolsbee. The dollar index bounced higher yesterday along with yields, following news that Iran was no longer taking our text messages.
Phillip Streible

Ten-year Treasury yields shot up to 4.52% yesterday but closed back below 4.5% at 4.48%, and are now trading at 4.45%. This decline in yields is boosting gold by about $51. Silver is playing catch-up to copper. Copper futures are at $6.61, up 6 cents.

Performance leaders today: platinum up 1.75%, silver up 1.75%, palladium up 1.5%, gold up over 1%, copper just under 1%. The entire metals complex is green.

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