Wednesday , 21 October 2020

Silver: Expect MAJOR Rally By End Of February – Here’s Why

Automatically receive the internet’s most informative articles bi-weekly via our free bi-weekly Market Intelligence Report newsletter (sample here). Register in the top right hand corner of this page.

Now is when silver makes a move in price that is in excess of its total annual seasonal gain!

The chart below shows the average moves in silver prices in the course of a calendar year over the past 69 years.@Gold&Silver

As the chart illustrates, on average silver tends to post its strongest price gains early in the year until peaking close to the end of February. This rapid advance begins in mid-December (blue arrow). Thereafter the price typically retreats again.

The strong seasonal advance is very likely driven by purchases from the manufacturing industry. Many industrial silver processors/users place the bulk of their purchase orders at the beginning of the new financial year once annual planning has been completed and new orders can be booked.

If you purchase silver ahead of this phase – to be precise, in mid December – you will buy at a fairly reasonable price from a seasonal perspective and stand to benefit from the strong seasonal rally.

Editor’s Note:  The above excerpts from the original article by Dimitri Speck have been edited ([ ]) and abridged (…) for the sake of clarity and brevity.  The author’s views and conclusions are unaltered and no personal comments have been included to maintain the integrity of the original article.  Furthermore, the views, conclusions and any recommendations offered in this article are not to be construed as an endorsement of such by the editor. Also note that this complete paragraph must be included in any re-posting to avoid copyright infringement.

Scroll to very bottom of page & add your comments on this article. We want to share what you have to say!