Friday, November 24th

In the last issue of Seasonal Insights I have shown that the gold price behaves quite peculiarly in the course of the trading week. On average, prices rise almost exclusively on Friday. It is as though investors in this market were mired in deep sleep for most of the week.

Upon this I received a plethora of inquiries from readers regarding the corresponding moves in silver.

Thus I examine the behavior of the silver market on individual days of the week in this issue of Seasonal Insights.

The Pattern in Silver by Days of the Week

First let us explore the performance of silver by days of the week.

The black bar in the illustration below shows the annualized performance of silver in USD since 2000, the blue bars show its annualized performance on individual days of the week over the same time period.

I have measured the daily returns from one daily closing price to the next during COMEX trading hours; e.g. the Tuesday performance shows the average percentage change from the close on Monday to the close on Tuesday.

Silver, performance by days of the week, 2000 to 2017

http://silverseek.com/article/precio...-fridays-16969