At the beginning of the month, when silver was around 58, I was really scared of heights Later, I let AI calculate it, and realized that silver, when priced in terms of inflation, is just getting started. In 2011, adjusted for inflation, it was roughly 72—the high point of the past decade, already completely broken through. In 1980, the Hunt brothers pushed silver to a peak of about 206u, the historical high, and we’re still only halfway up the mountain. I used to do arbitrage in A-shares, but now, with leveraged positions in off-market buys + forex, I’m still bullish on this precious metals bull market.