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Silver Seasonality

Historical month-by-month and year-by-year returns

Based on 27 calendar years of monthly closes, starting 2000.

By Month

MonthAverageMedian% PositiveBestWorst
January+2.9%+3.8%68%+14.5%8.9%
February+3.5%+3.1%55%+24.1%12.2%
March+2.5%0.5%45%+27.1%12.8%
April0.4%2.7%36%+28.3%23.4%
May+2.5%+1.1%64%+26.8%14.6%
June6.0%4.2%23%+5.0%28.3%
July+5.1%+3.4%68%+30.5%5.2%
August+1.7%0.2%46%+19.6%23.3%
September+0.1%+0.9%55%+21.2%28.0%
October+0.5%+0.8%55%+14.3%20.4%
November+2.4%1.4%43%+21.6%8.5%
December+2.5%+3.8%64%+24.2%14.8%

By Calendar Year

YearReturn
2025+128.6%
2024+28.6%
20230.0%
2022+2.3%
202111.4%
2020+55.2%
2019+10.0%
20189.5%
2017+7.1%
2016+15.7%
201422.1%
201333.8%
20119.8%
2010+83.7%
200823.8%
2007+15.4%
2006+45.3%
2005+29.6%
2004+14.3%
2003+34.9%
20023.6%
20010.1%

These are historical patterns, not a forecast — past calendar-month performance does not predict future returns.