$Sprott Physical Silver Trust(PSLV)$ Silver is one of those assets that never lets you get comfortable. One week it's rallying on industrial demand and safe-haven buying, the next it's giving back gains like nothing happened. What I like about it is that it plays two roles at once. It's a precious metal people hold as protection when things feel uncertain, but it's also used in solar panels, electronics, and EVs, so the demand story keeps evolving. The catch is the volatility. Silver tends to move harder than gold, in both directions, so the ride isn't for the impatient.
$CSOP iEdge SREIT ETF S$(SRT.SI)$ Checking my SRT position again today and, yep, still in the red. At this point I'm trying not to refresh the app every hour. What keeps me steady is remembering why I bought it. S-REITs are a slow game: steady rental income, regular payouts, and patience. The price can wobble all it wants, but the properties are still leasing space and the distributions are still landing. I'm also reminding myself that being down on paper isn't a loss until I sell. Easy to say, harder to feel.
SK Hynix confirms the demand side. It doesn't tell you much about what's priced in. SanDisk is a NAND pure play, and Hynix is shifting capacity toward HBM, which tightens NAND supply and helps SanDisk's pricing. But the stock has already run hard on that story and NAND has always been the most commodity-like corner of memory. I'm bullish on the cycle, cautious on the multiple. The key question is how much of next year's volume is locked in under long-term contracts versus exposed to spot pricing. Until supply catches up, the cycle can keep going. The risk is that every major producer adds capacity at the same time, and that's usually when pricing turns.
$Occidental(OXY)$ Another day, another oil headline. Crude keeps proving that nobody really has a handle on where it's going next. What I find interesting about Oxy is how much of the story comes down to one number. When the barrel is strong, the conversation is all about cash flow, buybacks, and paying down debt. When it softens, everyone suddenly gets cautious. Meanwhile, the rest of us just notice it at the pump and in the price of, well, everything. I don't have a big prediction here. Just a reminder that energy stocks are a rollercoaster, and the smartest move might be patience. Curious to see how the next few weeks play out.