Gold And Silver Price Seasonality, June Worst Month?
Gold-Eagle | May 30, 2017 12:38AM ET
It is universally known that there are many, many sundry factors that can affect the price of gold and silver. To name just a few: political environment, value of the US dollar and the euro, Commitment of Traders, possible manipulation by the Fed, US Fed policies regarding the level of Interest Rates, International Belligerent Turmoil, the Relative Value of the Stock Markets and last but NOT LEAST THE SEASONALITY of Precious Metal Prices.
This analysis will only focus on THE SEASONALITY of Precious Metal Prices as there enumerable encyclopedic reviews of all the other factors affecting gold and silver prices. Specifically, what has been the average monthly price variance of the price of gold or silver for the 12 months over a period. In an effort to seek objectivity, we have selected Seasonality Charts from several pundit sources.
h3 Gold Seasonality/h3There are sundry determinations for gold’s seasonality, and here are a few views.
(Source: TradePro Academy)
Get The News You Want
Although one can make several conclusions regarding each monthly performance for the price of gold, the one which stands out from a timely point of view is JUNE, which we are entering as I speak. CLEARLY, the month of June has on average been a down month for the price of gold. However, Caveat Emptor (let the buyer beware), because IT IS NOT GUARANTEED that the gold price will necessary decline in June 2017 (due to all the other above mentioned factors that can affect the price of the shiny yellow). NONETHELESS, whereas history does not assure a repeat performance of the past, it indeed demonstrates lines of probability that the gold price may decline this June.
h3 Silver Seasonality/h3Like the June gold price, silver likewise demonstrates a pronounced weakness in the month of June.
Indubitably, the price of silver shows an average material price weakness in the month of June. But like gold, there are many factors which can alter the June Seasonality. Consequently, it is best to be extra cautious this June regarding the price of gold and silver.
A sage old saying is: Whereas history does NOT repeat itself, it definitely rhymes.
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.