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iShares Silver Trust Seasonality

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

Based on 21 calendar years of monthly closes, starting 2006.

By Month

MonthAverageMedian% PositiveBestWorst
January+4.4%+3.3%70%+19.8%9.2%
February+2.3%+2.0%55%+20.9%12.0%
March1.2%0.6%40%+15.1%19.8%
April+1.0%1.5%35%+27.5%14.4%
May+0.1%0.3%48%+26.7%19.8%
June2.8%4.1%33%+17.6%21.7%
July+3.1%+1.5%67%+33.2%6.3%
August+2.3%+2.2%55%+18.1%23.7%
September1.9%3.2%45%+17.1%28.5%
October+1.8%+2.4%70%+15.7%19.2%
November+1.6%2.5%40%+16.4%9.2%
December+1.7%+1.8%55%+25.8%15.8%

By Calendar Year

YearReturn
2025+144.7%
2024+20.9%
20231.1%
2022+2.4%
202112.5%
2020+47.3%
2019+14.9%
20189.2%
2017+5.8%
2016+14.6%
201512.4%
201419.5%
201336.3%
2012+9.0%
201110.7%
2010+82.5%
2009+47.7%
200823.8%
2007+14.2%

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