Wait .............. Wait .............. Wait
STOP SCROLLING PAY ATTENTION ON HERE ...
I believe silver-miner investors are currently operating from a state of raw HOPE, not conviction.
They are terrified of drawdowns and therefore liquidate positions at the first hint of red, desperately trying to lock in profits—while simultaneously fantasizing about a cheaper re-entry.
This is exactly how bull markets function.
They are designed to eject weak hands from the bull, and they rarely offer clean or merciful re-entry points.
Silver is structurally positioned to trade north of $120 before this week concludes, and a large portion of the mining complex is likely to print fresh 52-week highs in the process.
I aggressively increased exposure to $GRSL.v (GR Silver Mining) during yesterday’s –10% forced liquidation, viewing it as a textbook volatility flush.
My base case is a new 52-week high by Thursday or Friday.
Could I be wrong? Absolutely.
This tape is violent, reflexive, and unforgiving.
But that is precisely the environment in which asymmetric upside is born.
