Silver Price Reverting to Pre-Summer Levels

The summer months are often a quiet time for the resource sector, with many market participants taking the old adage “sell in May and go away” to heart. As a result, investors tend to look forward to September, when prices and market activity typically pick up.

Unfortunately, this year that pattern simply hasn’t held true for silver – in fact, quite the opposite has happened. Silver’s unseasonal price rise isn’t surprising given that the summer brought tension regarding conflict between Ukraine and Russia and in Iraq — after all, as a safe-haven asset, silver is a magnet for investors when geopolitical uncertainty hits. The current downward movement is also unsurprising given that the US dollar is currently on a tear.

That said, silver’s unusual behavior certainly has investors wondering what’s next for the white metal.

Other Favorite Posts You Might Like...

6 Tips for Investing in Gold, Silver and other Rar... Investing in precious metals isn't a cakewalk, that much can be sure. It can be especially complicated for beginners, which is why it's wise to arm yourself with all the information possible before ge...
Silver Enters Bull Market Territory; Rises Above $... Summary: After a rough first half of 2013, silver appears to be turning around following last week's rally above $23. According to the Wall Street Journal, this means silver is officially in "bull" ma...
UBS: Master Puppeteers of Precious Metal Manipulat... Last week, further proof of the manipulation of gold and silver - as if any more were needed - came to light as FINMA, Switzerland’s financial watchdog, announced that it had discovered “serious m...