Silver’s Weakest Month is Here: Time to Buy?

Summary: Historically speaking, June is silver’s weakest month of the year. Many a resource investor is aware of the summer doldrums – traders are typically away from their desks more. A seasonal chart from Clive Maund at Market Oracle shows that after falling in June, silver starts picking up in July and typically does very well in September. Since the dramatic crash in April, silver has traded in a sideways pattern and has gone nowhere near its pre-crash level of $27. While this is dismal news, it may indicate a bottom some maintain. Another factor is the gold:silver ratio, which currently stands at a high of 62:1. This bodes well for silver investors – the last time this rate was this high (2010), silver rallied from around $17 to its all-time high. Read more….