Silver (SI) July (N) contract study: year-by-year results, the day-by-day shape of the move and where highs and lows printed.
Contract Almanac · Silver (COMEX)
Every July silver contract 2011–2026, measured over its tenure as the lead contract · Typically leads Apr 29 – Jun 27
The July contract holds silver from late April to late June, and its file is the worst on the silver board by average: −5.2% across sixteen tenures, just 6 winners, and a tail that includes the most brutal single seat in the metal’s modern history, the 2011 tenure that absorbed the May crash and lost 29%.
Each year is one contract, measured from the open of the day it took over the lead to the close of the day it handed off, the same roll convention used across all Traders Brief research. A silver contract holds the lead for roughly two months, and the March and December contracts closer to three, so tenures run 40 to 70 trading days, far longer than an energy tenure — these are seats, not months, and the day counts read accordingly. All highs and lows are the contract’s own trades, marked by trading day of the tenure, not calendar day.