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Question

What is the best month for Silver?

Short answer

Since 2001, January has been the strongest month for Silver, averaging +3.84% and rising in 69% of 26 years. June has been the weakest, at -2.96%.

We rate the January pattern as strong and the June pattern as strong. July comes second at +3.37%. A strong month is when prices have tended to rise, not a promise that they will.

Every month, ranked

Silver, 2000 to 2026

+3.8%+1.9%-1.9%-3.8%Jan: average +3.84%, up in 69% of 26 yearsJanFeb: average +2.33%, up in 54% of 26 yearsFebMar: average +0.51%, up in 42% of 26 yearsMarApr: average +0.30%, up in 46% of 26 yearsAprMay: average +1.03%, up in 54% of 26 yearsMayJun: average -2.96%, up in 31% of 26 yearsJunJul: average +3.37%, up in 62% of 26 yearsJulAug: average +1.70%, up in 46% of 26 yearsAugSep: average -0.70%, up in 52% of 27 yearsSepOct: average +0.85%, up in 62% of 26 yearsOctNov: average +1.77%, up in 42% of 26 yearsNovDec: average +2.42%, up in 58% of 26 yearsDec
Silver: average move by month. Solid bars held the same direction in both halves of the sample; faded bars did not.
RankMonthAverageMedianUp yearsPattern
1January+3.84%+3.56%69%strong
2July+3.37%+1.52%62%moderate
3December+2.42%+3.31%58%no clear pattern
4February+2.33%+3.01%54%no clear pattern
5November+1.77%-1.63%42%no clear pattern
6August+1.70%-0.15%46%no clear pattern
7May+1.03%+0.50%54%no clear pattern
8October+0.85%+0.84%62%weak
9March+0.51%-0.73%42%no clear pattern
10April+0.30%-1.31%46%no clear pattern
11September-0.70%+0.55%52%no clear pattern
12June-2.96%-3.67%31%strong

Exact date ranges

Seasonal windows that held in at least 75% of years

Jan 1 to Jan 26Opens in 86 days
80%higher in 25 years
Average +3.35%Median +2.09%Worst year -12.22%

Likely range of the hit rate 61% to 91%. 2001 to 2012: 75%, 2013 to 2025: 85%.

Feb 6 to Feb 21Opens in 122 days
76%higher in 25 years
Average +3.00%Median +2.05%Worst year -9.94%

Likely range of the hit rate 57% to 89%. 2001 to 2012: 75%, 2013 to 2025: 77%.

Mar 24 to Apr 13Opens in 168 days
76%higher in 25 years
Average +3.93%Median +2.98%Worst year -8.18%

Likely range of the hit rate 57% to 89%. 2001 to 2012: 92%, 2013 to 2025: 62%. Weaker in recent years.

Oct 2 to Oct 27Open now, 20 days left
80%higher in 25 years
Average +1.23%Median +1.99%Worst year -26.93%

Likely range of the hit rate 61% to 91%. 2001 to 2012: 67%, 2013 to 2025: 92%.

Why it might happen

  • Half precious metal, half industrial metal: solar panels and electronics are a growing share of demand.
  • Moves with gold but with larger swings in both directions.

Full statistics, technicals and event reactions: Silver. How to read these numbers: guide.

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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.