Silver in July

Key Points

• Historically, July has been the best month of the year for silver
• Below, we take a quick look at the history of silver futures in July
• We also consider an ETF alternative for non-futures traders

Silver in July

Let's go ahead and get right to the heart of the matter. The chart below displays the annual seasonal trend for silver. In the bottom clip, note that July has been the best-performing month for silver

The chart below displays the hypothetical cumulative $ +(-) achieved by holding a long position in silver futures only during July (held the entire month, with no stop-loss order).

The table below summarizes the hypothetical results achieved by holding silver futures during July every year since 1967.

When considering whether or not to play a particular seasonal trend, it is generally advantageous to consider opportunities where the seasonal trend and price action align. The chart below displays the history of silver futures price action.

An ETF alternative

The iShares Silver Trust (ticker SLV) offers non-futures traders the potential to play price movement in silver just as they would trade a stock. The chart below displays the hypothetical growth of $1 invested in ticker SLV only during July since SLV started trading in 2006.

The table below summarizes SLV results in July

What the research tells us

Is silver sure to advance in July 2025? The reality is that a 64% historic Win Rate means "it's no sure thing." Still, that 64% figure for silver in July represents the highest win rate for any month. Likewise, the "Up" versus "Down" figures in the table above clearly skew to the favorable side, i.e., up Julys have tended to be up more than down Julys have been down. Lastly, with silver already in a strong uptrend, the combination of favorable price action and a favorable seasonal trend is a scenario that often creates meaningful opportunities.