Silver made history in 2017, and not in a good way. Depending upon which closing prices one uses, silver fell for either 13 or 14 consecutive trading sessions over a stretch of four weeks during April & May.
While this is certainly unusual, it is far from highly unusual. The simple reason is that silver has a strong tendency to trend, and trend hard.
So far in 2017 we have seen five clear trending moves (3 uptrending, 2 downtrending) in silver with the net result being a gain of roughly 8.5% year-to-date:
Silver (Daily - Year to Date)
While the gold chart is close to the silver chart, silver's moves typically exaggerate gold's moves on a percentage basis and the white metal also tends to remain in more well-defined price channels, both on the upside and the downside.
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