Silver (SI) futures seasonality: sixteen years of month-by-month tendency, win rates and average change.
Futures Seasonality · 15-Year Study
Based on the last 15 completed calendar years · Updated for 2026
Silver moves like gold’s louder cousin: the same broad calendar, but with far bigger swings in every direction. Over the last fifteen years its seasonal map shows a firm start, a rough early summer, a violent mid-summer rally, and an autumn that punishes anyone who overstays. Here is the month-by-month record.
Silver (SI) — Average Monthly Change
15-year average, by calendar month. Hover any bar for the detail.
Every calendar month, ranked as it falls on the calendar. “Win rate” is how often silver closed the month higher; “avg change” is the mean move; “range” is the average high-to-low travel within the month.
| Month | Up / Down | Win rate | Avg change | Avg range |
|---|
Table view doubles as the accessible read of the chart above.
October is the steady one, July is the big one. October is silver’s most consistent month, higher in 11 of the last 15 years (73%). But the real engine is July, up 67% of the time with an average gain of 4.1%, the single largest average move of any month across the metals. When silver runs in summer, it runs hard.
Early summer and autumn are the traps. The soft patch has two distinct parts. June is the least reliable month on the calendar, higher just 4 of 15 years (27%), and September is where the real damage is done, averaging a 3.8% loss, the deepest of any month. A strong August rolling into a weak September is a classic silver setup for anyone leaning long too late.
Respect the range. Silver’s average monthly travel runs 12 to 15%, close to double gold’s. A favorable seasonal lean still comes with much wider swings to sit through, which is why position sizing matters more in silver than anywhere else in the complex. The tendency points the way; the size of the candles is the risk.
A seasonal average tells you the backdrop. It doesn’t tell you where silver sits against that backdrop today, whether this year is tracking the norm or fighting it, or the levels that matter into the next session. That is what The Traders Brief does every morning, across metals, energy, and the indexes.
See today’s read →Which month is historically best for silver?
October is the most consistent, higher 11 of the last 15 years (73%). July is the biggest average gainer, up 67% of the time with an average move of +4.1%.
Which month is worst for silver?
June is the least reliable, higher just 4 of 15 years (27%). September does the most damage, averaging a 3.8% loss, the deepest of the year.
Is silver seasonality reliable enough to trade on?
Seasonality is a backdrop, not a signal, and silver’s big monthly ranges make risk control especially important. It tells you the odds you are trading with or against; the daily brief pairs that with where price actually sits and what this year is doing versus the norm.
Seasonal tendencies are drawn from 15 years of historical Silver futures data and describe the past. They are not a forecast and not trading advice. Markets can and do trade against their seasonal record in any given year. © 2026 The Traders Brief.