Silver's Increasingly Extreme Price Break Higher Becomes Visible In The Yearly Price Performance Chart

Silver, this year, just doesn’t have what it takes to be average.

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Now into 6 years of increasing silver market global physical supply deficits, the market demand for physical metal is pressuring the primary tool of bullion banks: selling silver promissory notes for non-existent metal in the London spot/cash silver market to set and contain its price.

A single chart shows how extraordinary the price move of silver in 2024 has been compared to other years.

That chart is the ‘silver seasonal price’ chart that compares the price change this year in comparison to average price changes throughout the year over the past 5, 10, 20 and 50 years as shown in Figure 1 below:

Figure 1 - Seasonal Silver: 2024 vs Yearly Average Price Change; source: GoldChartsRUs.com

The corrective price move higher is essential to healing the silver market after decades of price fixing.

Mounting global shortages tell us that silver’s move is just getting started.

Best regards,

David Jensen