Speculators (degen crowd) migrated from Bitcoin to SLV and GLD; silver is a smaller market, easier to push around. Liquidity is sloshing and finding a home in precious metals.

Don't get caught up in daily volatility; zoom out. Gold and silver are still up 18-19% this year. The trend is up.

There's a chance silver goes up so much more than anybody thinks.

A big Chinese speculator pushed silver price down deliberately, creating a big short in the market.

Silver is up and people will be surprised by how much. Recent drop was macro tourists (Johnny-come-lately) getting flushed out.

Risk is substitution if silver price goes up too much (like semiconductors). But silver has industrial demand and store of value.

Seen this movie before with Japan in the 80s. Japanese market peaked in 1989, then for 25 years all you had to do was avoid Japan.

The Mag 7 and US tech stocks have sucked all the air out of the room. US reached ~70% of global market cap.

Now, reflationary policies elsewhere are driving growth. Money will migrate from tech into the '493' (rest of S&P) and from US into other markets.

Tech stocks could be an absolute disaster; they could crash.