Frankly speaking, I really have no enthusiasm for getting involved in commodity trading. In contrast, analyzing conventional businesses is much simpler; the focus is simply on studying financial statements and assessing market demand. However, the commodity market is completely different; it not only requires investors to pay constant attention to macro-level fluctuations—often a sudden economic data release can lead to a drastic change in direction—but also involves complex games between countries. What is most daunting is that the core participants in this market are usually state entities. Imagine your opponent having the power to dramatically drop prices in an instant, and they will never leak any hints before taking action. This is also the fundamental reason why those who were trapped at high silver prices often waited for many years. In other words, if the national level decides to operate on a certain asset, the outside world cannot predict it in advance at all. This reminds me of a very close childhood friend; ever since he started working at the central bank, I haven't been able to contact him via WeChat or phone, and he seems to have evaporated from the world, which is truly helpless.