In the last eight trading sessions, silver surged 15%, yet silver mining stocks—tracked by $SIL—barely budged, gaining under 2%. That disconnect reveals something telling about how equity traders actually think. Most are reading this spike as a peak, convinced the rally is exhausted. Wrong take. What's really happening is a shift in momentum phases. The metal's moved; the miners lag. This pattern often precedes the more aggressive leg up, when accumulated value finally flows into the producing companies. Market psychology tends to lag price action—and right now, that lag is creating an opportunity window.