Monday, June 27, 2011

Last Week of June Seasonally the Best Time to Purchase Silver

We wrote earlier that the cartel is capping gold and silver today due to options expiry, in an attempt to induce as many options as possible expiring worthless out of the money.
We mentioned that while silver could continue to correct lower, silver must be bought here and now after such a significant correction. 
If that wasn't enough to entice readers to start loading up, perhaps a seasonal chart for silver over the past 37 years will be enough to push those on the fence over the top.

Over the past 37 years, seasonally on average, the last week of June has been the very best week of the year (returns wise) to purchase silver.
When silver's current correction is combined with an analysis of silver's seasonal fundamentals, physical silver purchases at current levels become even more attractive.

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Chart Courtesy SeasonalCharts.com