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The Historical Pattern Shows That SLV Price Should Grow In The Second Half Of 2015

The historical statistics show that the share price of the iShares Silver Trust ETF (NYSEARCA:SLV) should increase during the time period from July to December 2015. Although a slight correction took place in the last couple of days, the silver price increased by 5.95% in January (based on LBMA silver fix prices). This increase helped SLV price to grow by more than 9% during the same time period. I played with the historical statistics a little in order to find out whether there is a pattern that is able to indicate the price development during the rest of the year. In other words whether a nice gain in January is good or bad for the silver price during the rest of the calendar…