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SentimenTrader/Jason Goepfert/7-6-2021
“Right now, we are entering a purportedly favorable time of year for silver. The first major thrust lasts from the end of June through early August, with its seasonal peak occurring in early September. Does this mean that [silver] is guaranteed to race higher in the months ahead? Not at all. Every year is its own roll of the dice. But if we look to put the odds on our side, this seems like a decent place to start.”
USAGOLD note: We do not cater to the trading mentality here at USAGOLD as the vast majority of our clientele is of the buy and hold for the long-term mentality. At the same time, even long-termers like to think of themselves as having purchased their silver at bargain prices – a prospect that crops up seasonally, as Jason Goepfert points out, in July and August. (Gold, we will add, is similarly inclined to present a buying opportunity in the summer months.)
Chart courtesy of GoldChartsRUs • • • Click to enlarge
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