After January, silver tends to rise throughout the year. You can buy silver without throwing money down the drain around March and around the end of June to July. These are the best times to buy silver. Take a look at the historical performance of silver since 1975. While the price of silver normally remains stable in March, the best month to buy is June, followed by October.
The wisdom to buy in June is further supported by the previous daily chart. There are lows in January and prices fall from June to early July. If your practice is to buy silver at its lowest price, you should buy in June, with the following months being more favorable: August and October. While the silver price forecast is affected by supply and demand, it is also heavily influenced by investors who buy precious metals as safe haven assets during times of economic or political uncertainty.
A study of gold prices conducted since 1975 has shown that every year gold prices have fallen or risen almost at the same time. While gold and silver bars should be considered long-term holds, there will come a time when you'll want to sell. Control the prices of gold and silver, and when you see that they are trending upwards, it's time to buy because there is likely to be a downward or downward trend on the horizon. After all, silver is a safe asset that generally does well in times of crisis, and the past year was plagued by tense geopolitical events along with the current COVID-19 pandemic.
Since 1975, the first half of the year has been clearly weaker than the second half and therefore the best time to buy. This means that, from a historical point of view, the best times to buy gold are early January, March and early April, or from mid-June to early July. The daily chart above shows that April could offer a slightly lower global price, but history shows that March is the month in which gold falls the most and is therefore one of the best times to buy. When the prices of gold and silver fall below the prices you paid the last time you bought them, it's a good time to buy because prices are likely to recover.
