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It’s Peak Season for Silver

From the Desk of Ian Culley @IanCulley

It doesn’t matter whether we’re talking about markets or summer vacations –  I always avoid the crowds and aim to beat the heat.

No lines. No traffic. No fake, overpriced food.

It also means dropping those hot semiconductor names and reaching for silver mining stocks…

July is by far the best month of the year for gold’s crazy cousin. And it’s not even close:

Unsurprisingly, silver futures gained roughly seven percent last week. They also eclipsed the previous month’s high and printed their highest weekly close since January 2013 – a stellar way to start the month.

On the flip side, June takes the cake as Silver’s most challenging month of the year.

And what did Silver do last month?

It only fell by three percent, finding support at a critical shelf of former highs:

Silver futures are down almost three percent today alone. No biggie. 

If gold’s rambunctious cousin follows seventy years of seasonality data, the entire precious metals space will experience an explosive markup phase in the coming months. 

We’ll review some fresh breakouts and the charts I’m tracking for new entries this week in just a moment.

But before we do, be sure to watch JC’s interview with Rick Rule. It’s must-see TV!

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The post It’s Peak Season for Silver appeared first on All Star Charts.

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