Forex metals

Spot silver (XAGUSD) Seasonality

Over 1999 to 2025 (27 years of data), XAGUSD has tended to move long between 06.10 and 23.10, closing higher in 66.7% of those years for an average +0.75% move and an annualized Sharpe of 0.67.

Years: 1999-2025
Category: Forex metals
Windows: 8

Best window

06.10 - 23.10

Direction

Long

Win rate

66.7%

Avg return

+0.75%

Sample

27 yrs

Average seasonal curve

Average path across the year

1999-2025

Strongest recurring windows

Window	Dir	Win rate	Avg return	Sharpe	Years
06.10 → 23.10	Long	66.7%	+0.75%	0.67	27
06.10 → 24.10	Long	66.7%	+0.50%	0.40	27
06.10 → 29.10	Long	63.0%

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XAGUSD average seasonal curve, 1999 to 2025
Index	Value
1	100
2	100.5663
3	100.575
4	100.7481
5	100.7027
6	100.8251
7	100.6473
8	100.4972
9	100.8526
10	101.2272
11	101.4359
12	101.8287
13	101.8386
14	101.3339
15	101.3636
16	101.7482
17	101.4843
18	101.6937
19	102.0281
20	102.0996
21	101.7618
22	101.7978
23	102.2547
24	102.4469
25	102.8254
26	102.9274
27	102.6834
28	102.615
29	102.6376
30	103.1539
31	103.221
32	103.6616
33	102.8885
34	102.6014
35	102.6068
36	102.5817
37	102.7127
38	102.4301
39	102.8421
40	103.1707
41	103.3275
42	103.813
43	103.8889
44	103.9269
45	104.5682
46	104.2372
47	104.3894
48	104.843
49	105.0434
50	105.2179
51	105.1881
52	105.5015
53	105.4884
54	105.7234
55	105.5131
56	105.2242
57	105.2027
58	104.7515
59	104.9876
60	104.6963
61	104.9427
62	104.6427
63	105.3592
64	105.4951
65	105.8655
66	105.1917
67	105.4314
68	105.4181
69	105.183
70	105.3648
71	105.4734
72	105.4626
73	105.0752
74	104.7759
75	104.938
76	104.7418
77	104.6891
78	104.6503
79	104.4595
80	104.2871
81	104.1847
82	104.305
83	104.4091
84	104.8662
85	105.1764
86	105.4578
87	105.1826
88	105.1505
89	105.3321
90	105.281
91	105.5672
92	105.3933
93	105.5381
94	105.5644
95	105.702
96	105.6645
97	106.3021
98	106.2335
99	106.6333
100	107.4861
101	107.4976
102	107.435
103	107.9234
104	107.4415
105	106.8906
106	106.8865
107	106.8146
108	107.0631
109	107.0212
110	106.7186
111	106.898
112	106.4294
113	106.3814
114	106.1302
115	106.0327
116	106.0387
117	106.2104
118	106.3407
119	106.0951
120	105.6433
121	104.963
122	105.314
123	104.9968
124	104.8812
125	104.2992
126	104.7653
127	104.8768
128	104.6464
129	105.133
130	104.9431
131	104.9696
132	104.7072
133	104.7599
134	104.7622
135	104.1269
136	104.4872
137	104.522
138	105.0136
139	104.7401
140	104.9916
141	105.2391
142	105.3086
143	105.3602
144	105.3261
145	105.6685
146	105.6949
147	106.025
148	106.0897
149	106.4305
150	106.1349
151	105.9977
152	105.8668
153	106.3804
154	105.7483
155	105.5939
156	105.2455
157	105.7756
158	106.1537
159	105.2712
160	105.49
161	105.1114
162	105.3295
163	104.898
164	104.1198
165	104.3593
166	104.3549
167	104.4465
168	104.568
169	104.6376
170	104.711
171	104.3263
172	104.3614
173	103.5749
174	103.4018
175	103.2533
176	103.5104
177	103.1293
178	102.9855
179	103.1303
180	102.936
181	103.3064
182	102.9478
183	103.5698
184	103.8273
185	104.0112
186	103.7898
187	103.9611
188	103.6603
189	103.5832
190	104.2734
191	104.5786
192	104.8426
193	105.4459
194	105.8737
195	105.7009
196	105.8634
197	105.6417
198	105.5182
199	105.6213
200	105.2947
201	105.1945
202	105.3653
203	106.4228
204	106.2653
205	106.0039
206	105.9513
207	105.6423
208	105.4434
209	106.3444
210	106.2074
211	106.1693
212	106.5056
213	106.7483
214	106.8175
215	107.0589
216	106.7243
217	106.6519
218	106.2516
219	107.0358
220	106.7055
221	106.6318
222	106.6304
223	106.7118
224	105.7189
225	106.0607
226	106.5588
227	105.5557
228	105.4781
229	105.4138
230	105.532
231	105.6263
232	105.4948
233	105.8021
234	106.1812
235	106.462
236	106.1935
237	106.3815
238	106.1456
239	106.9145
240	106.9281
241	107.0464
242	106.9409
243	107.3053
244	107.6604
245	108.1362
246	108.8229
247	108.1475
248	108.0508
249	107.8264
250	107.7363
251	107.6948
252	107.3056
253	106.96
254	106.6002
255	106.4646
256	106.3895
257	106.4637
258	106.826
259	107.2456
260	107.2151
261	107.928
262	107.8107
263	107.9265
264	108.4681
265	108.2001
266	107.3503
267	106.6161
268	106.8813
269	106.5293
270	106.5811
271	106.5842
272	106.7366
273	106.7141
274	106.3181
275	106.6701
276	106.1258
277	106.0677
278	106.365
279	107.5605
280	107.1402
281	107.5788
282	107.3883
283	107.7596
284	107.0558
285	107.2858
286	107.7052
287	107.8989
288	107.7969
289	107.4588
290	107.1844
291	107.0732
292	107.0577
293	107.2703
294	107.4927
295	107.7142
296	107.7183
297	107.6869
298	107.9705
299	108.0738
300	108.0915
301	107.569
302	107.97
303	108.023
304	107.5064
305	107.6357
306	107.696
307	107.5983
308	108.161
309	108.267
310	108.8594
311	108.5917
312	108.8885
313	108.9198
314	108.754
315	109.1717
316	108.3085
317	108.1078
318	108.6581
319	108.6046
320	108.7129
321	108.0775
322	108.5048
323	108.3947
324	108.2427
325	108.1057
326	108.5751
327	108.6343
328	108.6751
329	109.1385
330	108.8137
331	108.5718
332	108.7369
333	108.542
334	109.22
335	110.0153
336	110.0522
337	110.6394
338	110.661
339	110.2762
340	110.2274
341	110.0773
342	109.7058
343	110.1983
344	110.0233
345	110.1298
346	109.8441
347	110.1974
348	109.4712
349	108.9074
350	109.3677
351	109.5697
352	109.7601
353	109.5733
354	109.6792
355	109.7237
356	109.654
357	109.9712
358	110.1662
359	110.288
360	110.9932
361	111.5891
362	111.5831
363	111.2678
364	111.3462
365	111.2489
366	111.6977

XAGUSD average seasonal curve, 1999 to 2025

Index

Value

100

100.5663

100.575

100.7481

100.7027

100.8251

100.6473

100.4972

100.8526

101.2272

101.4359

101.8287

101.8386

101.3339

101.3636

101.7482

101.4843

101.6937

102.0281

102.0996

101.7618

101.7978

102.2547

102.4469

102.8254

102.9274

102.6834

102.615

102.6376

103.1539

103.221

103.6616

102.8885

102.6014

102.6068

102.5817

102.7127

102.4301

102.8421

103.1707

103.3275

103.813

103.8889

103.9269

104.5682

104.2372

104.3894

104.843

105.0434

105.2179

105.1881

105.5015

105.4884

105.7234

105.5131

105.2242

105.2027

104.7515

104.9876

104.6963

104.9427

104.6427

105.3592

105.4951

105.8655

105.1917

105.4314

105.4181

105.183

105.3648

105.4734

105.4626

105.0752

104.7759

104.938

104.7418

104.6891

104.6503

104.4595

104.2871

104.1847

104.305

104.4091

104.8662

105.1764

105.4578

105.1826

105.1505

105.3321

105.281

105.5672

105.3933

105.5381

105.5644

105.702

105.6645

106.3021

106.2335

106.6333

100

107.4861

101

107.4976

102

107.435

103

107.9234

104

107.4415

105

106.8906

106

106.8865

107

106.8146

108

107.0631

109

107.0212

110

106.7186

111

106.898

112

106.4294

113

106.3814

114

106.1302

115

106.0327

116

106.0387

117

106.2104

118

106.3407

119

106.0951

120

105.6433

121

104.963

122

105.314

123

104.9968

124

104.8812

125

104.2992

126

104.7653

127

104.8768

128

104.6464

129

105.133

130

104.9431

131

104.9696

132

104.7072

133

104.7599

134

104.7622

135

104.1269

136

104.4872

137

104.522

138

105.0136

139

104.7401

140

104.9916

141

105.2391

142

105.3086

143

105.3602

144

105.3261

145

105.6685

146

105.6949

147

106.025

148

106.0897

149

106.4305

150

106.1349

151

105.9977

152

105.8668

153

106.3804

154

105.7483

155

105.5939

156

105.2455

157

105.7756

158

106.1537

159

105.2712

160

105.49

161

105.1114

162

105.3295

163

104.898

164

104.1198

165

104.3593

166

104.3549

167

104.4465

168

104.568

169

104.6376

170

104.711

171

104.3263

172

104.3614

173

103.5749

174

103.4018

175

103.2533

176

103.5104

177

103.1293

178

102.9855

179

103.1303

180

102.936

181

103.3064

182

102.9478

183

103.5698

184

103.8273

185

104.0112

186

103.7898

187

103.9611

188

103.6603

189

103.5832

190

104.2734

191

104.5786

192

104.8426

193

105.4459

194

105.8737

195

105.7009

196

105.8634

197

105.6417

198

105.5182

199

105.6213

200

105.2947

201

105.1945

202

105.3653

203

106.4228

204

106.2653

205

106.0039

206

105.9513

207

105.6423

208

105.4434

209

106.3444

210

106.2074

211

106.1693

212

106.5056

213

106.7483

214

106.8175

215

107.0589

216

106.7243

217

106.6519

218

106.2516

219

107.0358

220

106.7055

221

106.6318

222

106.6304

223

106.7118

224

105.7189

225

106.0607

226

106.5588

227

105.5557

228

105.4781

229

105.4138

230

105.532

231

105.6263

232

105.4948

233

105.8021

234

106.1812

235

106.462

236

106.1935

237

106.3815

238

106.1456

239

106.9145

240

106.9281

241

107.0464

242

106.9409

243

107.3053

244

107.6604

245

108.1362

246

108.8229

247

108.1475

248

108.0508

249

107.8264

250

107.7363

251

107.6948

252

107.3056

253

106.96

254

106.6002

255

106.4646

256

106.3895

257

106.4637

258

106.826

259

107.2456

260

107.2151

261

107.928

262

107.8107

263

107.9265

264

108.4681

265

108.2001

266

107.3503

267

106.6161

268

106.8813

269

106.5293

270

106.5811

271

106.5842

272

106.7366

273

106.7141

274

106.3181

275

106.6701

276

106.1258

277

106.0677

278

106.365

279

107.5605

280

107.1402

281

107.5788

282

107.3883

283

107.7596

284

107.0558

285

107.2858

286

107.7052

287

107.8989

288

107.7969

289

107.4588

290

107.1844

291

107.0732

292

107.0577

293

107.2703

294

107.4927

295

107.7142

296

107.7183

297

107.6869

298

107.9705

299

108.0738

300

108.0915

301

107.569

302

107.97

303

108.023

304

107.5064

305

107.6357

306

107.696

307

107.5983

308

108.161

309

108.267

310

108.8594

311

108.5917

312

108.8885

313

108.9198

314

108.754

315

109.1717

316

108.3085

317

108.1078

318

108.6581

319

108.6046

320

108.7129

321

108.0775

322

108.5048

323

108.3947

324

108.2427

325

108.1057

326

108.5751

327

108.6343

328

108.6751

329

109.1385

330

108.8137

331

108.5718

332

108.7369

333

108.542

334

109.22

335

110.0153

336

110.0522

337

110.6394

338

110.661

339

110.2762

340

110.2274

341

110.0773

342

109.7058

343

110.1983

344

110.0233

345

110.1298

346

109.8441

347

110.1974

348

109.4712

349

108.9074

350

109.3677

351

109.5697

352

109.7601

353

109.5733

354

109.6792

355

109.7237

356

109.654

357

109.9712

358

110.1662

359

110.288

360

110.9932

361

111.5891

362

111.5831

363

111.2678

364

111.3462

365

111.2489

366

111.6977