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This Dip in Silver Was Completely Predictable—and Is About to End

Jeff Clark, Senior Precious Metals Analyst 
JUN 23, 2017

It’s rare when you can look at the historical behavior of an asset and pinpoint a reliable trend with its price. If you find one, you can potentially put the odds of “buying low” in your favor.

Well, that’s exactly what we have with silver right now.

As you’re about to see, the silver price has historically fallen pretty hard every June.

Why? It probably has something to do with it being the official beginning of summer. Vacations abound, and less attention is paid to markets in general. It’s what led to the adage, “sell in May and go away.”

And for precious metals specifically, many festivals in Asia and India don’t kick in until the fall, so demand is lower in the summer. And low demand weighs on prices.

So while your current metal holdings may not see a lot of exciting price action over the summer, the flip side is that it can be a good time to buy…

Silver + June = More Ounces for Your Currency!

I calculated the average gain and loss of silver for every day of the year since 1975 and put it in a chart. Here’s what it shows.

Average Silver Price Chart

The official beginning of summer occurs in mid to late June every year (this year it was June 21), and you can see that is when silver historically has its biggest dip of the year. There are always exceptions, but 41 years of data says we shouldn’t be surprised to see silver sell off this month.

What this means is that other than January, the best time of the year to buy silver is in June.

In other words, now. Yes, today. As in, log on now or pick up phone and buy some silver.

If you don’t, history says you will likely pay a higher price later.

Of course, any correction is a buying opportunity if you don’t have enough bullion to offset an economic or monetary crisis. In that type of environment—and one we think is inevitable—physical gold and silver are one of the few assets that will prevail.

Mike Maloney and I and everyone else at GoldSilver continue to stockpile physical silver. We’re not waiting. We’ll buy more if it falls, but the point is, we’re prepared for crisis now.

And we’re buying one of the lowest-premium silver products on the market, our very own one-ounce Silver Bull Round, a super-low premium, unlimited mintage coin.

If historical trends play out this year, your window to buy silver at its cheapest price for the remainder of the year is about to close. I encourage everyone to buy some silver now.