An Analysis of Selected Seasonal Rates of Return on the Silver Market from 30.10.2003 to 31.12.2013
DOI:
https://doi.org/10.15678/ZNUEK.2015.0937.0101Keywords:
silver, market efficiency, financial market seasonality, commodity market, market anomaliesAbstract
This paper presents a study on the prevalence of selected effects of seasonality in silver prices quoted on the London Metal Exchange. The study was conducted for prices in the period from 30.10.2003 to 31.12.2013, and is based on 3172 observations. The results clearly indicate the presence of some seasonality effects in the case of commodities. While some of the results confirm the findings of other writers that have looked at financial markets, others contradict earlier research.Downloads
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