Alpha Report
Silver | June 2026

1. Executive Summary

SI Macro Review for June 2026

Silver endured a sharp drawdown in June 2026, with the benchmark declining approximately 20.62% over the month, as a combination of renewed USD strength and a Federal Reserve signalling a slower-than-expected pace of rate cuts weighed heavily on the complex (markets had entered the month pricing in near-term easing, and the hawkish recalibration triggered broad liquidation across precious and industrial metals). Escalating trade tensions and geopolitical friction in key manufacturing regions further pressured silver's industrial demand narrative, with a pronounced late-month sell-off accelerating losses into month-end as risk assets broadly de-rated. Against this difficult backdrop, the strategy preserved capital and generated a modest positive return of +0.62%, demonstrating effective downside management during an exceptionally adverse period for the asset class.

Signal Performance Overview for June 2026

Trailing 12-month Sharpe 1.386 and return 25.436% (through the period in Table 3 below). During the report month, the Silver benchmark declined approximately 20.62%; the strategy returned +0.62% over the same window. Drawdown improved meaningfully to -8.15% from -10.21% in the prior window, suggesting tighter downside containment despite silver's characteristically volatile price action. Win rate held relatively stable at 51.27% versus 51.41% previously, indicating consistent but narrow directional edge with no material deterioration in trade-level accuracy.

Signal Coverage — Silver

2. Trading Strategy

In order to produce the metrics below we use the signal in combination with the trading strategy below:

• Leverage: No leverage is applied for this strategy and metrics
• Positions:
  • Entry positions: Every 5 minutes (between 09:45 and 15:30 ET) we decide to take a long, short or no position using 1/69 of our starting portfolio for the day (there are 69 possible openings per day). Each long/short position is then split into 5 parts and executed on each minute for the next 5 minutes following the decision. There is no sizing adjustment.
  • Exit positions: We exit all positions at the end of the day. The exits are split over five minutes (15:55–16:00 ET).
• Costs: 3.0 bp round-turn assumption. Extra exchange/clearing fees not included.
• Contract series & roll: Front-month continuous. Switch at the open T–5 trading days before expiration; stop trading the expiring contract and start trading the next.

For detailed examples, flowcharts, and a full walkthrough of the trading strategy, see Benchmark Trading Strategy.

3. Model Training Data and Timeframe

4. Performance Metrics

Table 1: Monthly Return and Win Rate Metrics (Last 12 Months)

Table 2: Year over Year Performance Comparison

Table 3: 12-Months Ending Performance

Table 4: Quarterly Performance

Figure 1: Cumulative equity curve showing the trading strategy net long/short performance compared with the SI price (100 = June 01, 2026)

5. Next Steps

Download historical predictions for this month using the Client API and confirm performance in your own test harness.

• Sign-up: Start Free Trial
• API Documentation: https://quantumsignals.ai/documentation

6. Contact

Please reach out with any questions or comments at: info[at]quantumsignals.ai