The next seasonal bottom for both Silver and Gold comes in mid-December afterwards seasonal patterns are bullish until at least February.
The updated Silver seasonal chart shows the bullseye for a potential Silver bottom is mid-December. Seasonal patterns can be broad, a possible bottom could come from mid- December to early January.
The iShares Silver Trust – Exchange Traded Fund (SLV) daily chart shows where and when SLV could make an important bottom.
The Gold seasonal chart illustrates that Gold has a slightly different pattern than Silver. Gold also has a potential bottom in mid -December and seasonally bullish into February.
The daily SPDR – Gold Shares Exchange Traded Fund (GLD) chart shows that Gold is leading the decline and could reach its target price/time zone before Silver.
This post focuses only on the Time dimension. Powerful evidence from the other three dimensions: Price, Momentum and Sentiment is developing that imply an important Silver/Gold bottom could be forming. This evidence will be posted in the next few weeks.
Happy Thanksgiving to all in the USA and everywhere!
Four Dimension Trading 
What a great Thanksgiving present you have given us, Mark — precious info on the gold and silver markets. Other financial advisers are turkeys — let’s face it. They gobble a lot and really give little vital information. You, on the other hand, are King Midas with the Midas touch for precious metals. Thanks again!
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Thanks very much!
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Absolutely fascinating information! But couldn’t you make a case that July-mid October is the most bullish season for gold?
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Hi David
Yes, July to Mid October could be the most bullish season for Gold. We need to make one forecast at a time.
As we enter December 2020 we need to see if a low risk high profit bottom develops to buy Gold and or Silver.
Markets that have low risk high profit opportunities usually in almost all cases have a tremendous amount of evidence supporting action to either enter a long position or short position if a major top is developing.
As of today 11/30/20 there is a moderate amount of evidence a bottom could be made to buy Gold and or Silver.
Perhaps an important bottom formed today, if so there’s a good chance we could still take long positions at a higher level. We don’t have to buy the low tick we need to buy at a point in which risk is low vs potential profit.
Lets watch and see what happens in the coming weeks in regards to Gold/Silver, it could develop into a fantastic buying opportunity with a tremendous amount of evidence to back up action to go long Gold/Silver.
I will soon be posting additional Gold/Silver updates.
Mark
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