Silver is running — and that’s when things get dangerous.

In this episode, I explain why I’m reducing my silver exposure, how volatility quietly changes the rules, and why silver has shifted from an investment into a trade.

I talk through:

• Why late-cycle silver behaves very differently from gold

• The warning signals coming from silver miners

• Why position sizing matters more than price targets when markets heat up

• How the Kelly Criterion explains why most people lose money near tops

• Why platinum and palladium are not showing the same stress signals

• And what I’m watching next as this cycle matures

This isn’t a call for panic — and it isn’t a price prediction.
It’s a risk-management conversation for people who already made money and want to keep it.

Silver may still go higher.
That’s exactly why discipline matters now.

Listen carefully.