Four weeks ago, in the issue of Seasonal Insights, I brought you an analysis on the seasonality of gold. 

Today I want to take a closer look at another popular precious metal: silver.

Silver often referred to as gold's "little brother", has an interesting seasonal pattern now. I would like to show you this!

The seasonality of silver under the magnifying glass

Take a look at this seasonal chart of silver. in contrast to the usual charts, the seasonal chart shows the average trend of silver depending on the season. For this purpose, mean values are formed from the price returns of a total of 10 years. On the horizontal axis, the time in the year is entered; on the vertical axis, the chart shows the price information. 

Silver in US dollars, seasonal trend, determined over 10 years 

Silver typically rises from July Source: Seasonax

You can see two positive phases in silver.

The first starts in mid-December (so on the right side of the chart) and lasts until February (because of the year change this is on the left side of the chart). 

The second, stronger phase, begins at the end of June and lasts until the beginning of September. I have marked this second phase with an arrow, with the circle marking the beginning. 

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