One interesting seasonal pattern to note is that of silver around the time of September. Over the last 15 years, silver has fallen for an average of 3.97% between August 31 and September 30. So, be aware of this seasonal pattern.

Seasonal investors will be aware of this pattern and would look for any key fundamental reason why silver may fall like this again. The main topic to stay focused on will be the path of the USD and of US interest rates as a strong USD and rising yields typically weigh on precious metals.

Major Trade Risks: Previous seasonal patterns do not necessarily repeat themselves each year.

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