Gold vs Silver: which is stronger each month?
Gold has been strongest in January (+2.95%) and weakest in June (-0.87%). Silver has been strongest in January (+3.84%) and weakest in June (-2.96%). Gold had the higher average in 4 of 12 months, and the two pointed the same way in 11 of 12.
Month by month
| Month | Gold average | Gold up years | Silver average | Silver up years | Stronger |
|---|---|---|---|---|---|
| January | +2.95% | 65% | +3.84% | 69% | Silver |
| February | +1.23% | 58% | +2.33% | 54% | Silver |
| March | +0.21% | 46% | +0.51% | 42% | Silver |
| April | +1.28% | 62% | +0.30% | 46% | Gold |
| May | +0.27% | 50% | +1.03% | 54% | Silver |
| June | -0.87% | 42% | -2.96% | 31% | Gold |
| July | +0.93% | 58% | +3.37% | 62% | Silver |
| August | +2.50% | 73% | +1.70% | 46% | Gold |
| September | +0.43% | 48% | -0.70% | 52% | Gold |
| October | +0.13% | 50% | +0.85% | 62% | Silver |
| November | +1.33% | 58% | +1.77% | 42% | Silver |
| December | +1.45% | 65% | +2.42% | 58% | Silver |
Gold since 2000, Silver since 2000, monthly close to close, as of October 16, 2026. The highlighted row is the current month. Monthly correlation over the last 16 years: 0.79.
More on each market
Questions
What is the best month for Gold?
Since 2001, January has averaged +2.95% for Gold, higher in 65% of 26 years.
What is the best month for Silver?
Since 2001, January has averaged +3.84% for Silver, higher in 69% of 26 years.
Do Gold and Silver move together?
Over the last 16 years their monthly moves had a correlation of 0.79, where 1 means they always move together and 0 means no link.
History describes the past. Not investment advice.
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Not investment advice. Market Seasonality publishes historical statistics, news summaries and scenario analysis for information and education. Past patterns do not guarantee future results. Nothing here is a recommendation to buy, sell or hold any asset, and scenarios describe possible paths without predicting them. See the disclaimer and methodology.