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Message:: [QUOTE="doug444, post: 1971693, member: 38849"]I agree, "trading" with physical silver or with the SLV/GLD ETF shares -- dangerous.  But there's an additional risk that apparently no one thinks about. Let's assume you are both skillful and lucky trading physical silver, and have fairly consistently netted (say) 15% per year, which would be an excellent, a very high return.  You buy and sell, let us further assume, several turns of your inventory in a year, making 5% more often than you lose 2%, etc.  In other words, a net gain. After you have sold your holdings, and are waiting for the price to go down again, silver (or gold) suddenly spikes.  It wouldn't take much; Russia halfway invading Ukraine, failure of a couple second-tier banks in Europe, an assassination, an Ebola outbreak in a major European city -- there are plenty of spike-events out there. The long-awaited spike, the breakout, the surge, whatever you call it, means that you will probably never have the opportunity to "get back in" at a price you think is reasonable (or worse, logical).  End of game, start of PM's upward march.  A year later, it's obvious you left A LOT OF MONEY on the table by trading instead of holding.  It isn't exactly money out of your pocket, but it's still the mother lode of profits all the stackers were waiting for.  By the way, the stackers didn't sell.  That would be trading.  And that's the unspoken risk of trading.[/QUOTE]