SPPP Sprott Physical Platinum & Palladium

$SPPP ~ Platinum & Palladium ETF. Weekly Close. Up +0.21% last week. This was the most bearish metals ETF out of all the ones i track closely (GLD/SLV/GDX/SILJ/COPX) over the last few months. SPPP has now broken the downtrend line that had been in place since silver kissed 120usd in last week of Jan 2026. SPPP had in June 2026 almost completely “backtested” the 11.50 (CUP) breakout level from June 2025. This was as textbook as you will ever see a complete Elliott Wave (5 wave) impulsive fractal structure unfolding before our eyes off the April 2025 (TACO TARIFF) & “VIX 60” generational low. We were clearly in a (5th wave) blowoff of {Major Wave 1} which looks like it ended in last week of Jan 2026 (silver 121usd) on ungodly sell volume (red). Bulls were looking for an Elliott Wave (Major) {Wave 2} bottom. {Wave 3} advance into 2027 may be underway in Sept 2026 which would form a bullish (CUP). Gold has now in Sept 2026 broken its downtrend line from March 2026. $GLD $SLV $COPX $SPY

$SPPP ~ Platinum & Palladium ETF. Weekly Close. Down -3.92% last week. This was the most bearish metals ETF out of all the ones i track closely (GLD/SLV/GDX/SILJ/COPX) over the last few months. SPPP has now broken the downtrend line that had been in place since silver kissed 120usd in last week of Jan 2026. SPPP had in June 2026 almost completely “backtested” the 11.50 (CUP) breakout level from June 2025. This was as textbook as you will ever see a complete Elliott Wave (5 wave) impulsive fractal structure unfolding before our eyes off the April 2025 (TACO TARIFF) & “VIX 60” generational low. We were clearly in a (5th wave) blowoff of {Major Wave 1} which looks like it ended in last week of Jan 2026 (silver 121usd) on ungodly sell volume (red). Bulls were looking for an Elliott Wave (Major) {Wave 2} bottom. {Wave 3} advance into 2027 may be underway in Sept 2026 which would form a bullish (CUP). Gold has now in Sept 2026 broken its downtrend line from March 2026. $GLD $SLV $GDX $COPX

$SPPP ~ Platinum & Palladium ETF. Weekly Close. Up +0.74% last week. This was the most bearish metals ETF out of all the ones i track closely (GLD/SLV/GDX/SILJ/COPX) over the last few months. SPPP has now broken the downtrend line that had been in place since silver kissed 120usd in last week of Jan 2026. SPPP had in June 2026 almost completely “backtested” the 11.50 (CUP) breakout level from June 2025. This was as textbook as you will ever see a complete Elliott Wave (5 wave) impulsive fractal structure unfolding before our eyes off the April 2025 (TACO TARIFF) & “VIX 60” generational low. We were clearly in a (5th wave) blowoff of {Major Wave 1} which looks like it ended in last week of Jan 2026 (silver 121usd) on ungodly sell volume (red). Bulls were looking for an Elliott Wave (Major) {Wave 2} bottom. {Wave 3} advance into 2027 may be underway in Sept 2026 which would form a bullish (CUP). Gold has now in Sept 2026 broken its downtrend line from March 2026. $GLD $GDX $SLV $BTC.X