Why Silver’s Strong June Could Lead To A Great July

Above, a 64 pound bar of silver at the Key West Shipwreck Museum. Photo by Armand Vaquer.

Silver had a great month of June.

The question is, Will it do the same (or better) in July?

It is hard to say, but Barron's takes a look at silver's June performance and what it may mean for this month.

They begin with:

Silver shined in June, returning almost 10% and beating out the returns delivered by the stock and bond markets in Japan, Europe, and the U.S. The momentum could continue as July tends to brings favorable returns for the precious metal.

What’s behind silver’s gain isn’t all that easy to pinpoint. Gold’s monstrous 43% climb over the past year could mean that it has incorporated all the good news, prompting traders to look at other stores of value and safer assets, like silver. Silver could also be benefiting from new applications in solar panels and its essential role in the semiconductor industry as artificial intelligence booms.

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