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Silver has entered a high-risk phase. In this video, I explain why I’m reducing silver exposure, how volatility changes the rules, and why this is no longer a passive precious-metals market. I cover: • Why silver behaves differently from gold near cycle extremes • What miner price action is quietly warning us about liquidity and risk • Why position sizing matters more than price targets when volatility spikes • How the Kelly Criterion explains why most investors fail near tops • Why platinum and palladium are not showing the same late-cycle signals • Where the next major opportunity may emerge alongside precious metals, not inside them This is not a price prediction. It’s a risk-management framework for late-cycle markets. Silver may still go higher but risk matters now. LINKS 🔹 Free real-time market data & order books: https://www.anewfn.com 🔹 Follow me on X for daily market signals: https://x.com/ClemChambers 🔹 Substack – deeper analysis & members-only strategy: https://clemishere.substack.com 🔹 Buy & sell vaulted precious metals: https://www.bullionvaultaffiliate.com... #Silver #PreciousMetals #Gold