India, March 16 -- The markets, the winners contend, is about timing the market. Which essentially implies the right time to buy, and the right one to sell. Not once but possibly several times during an ongoing rally. Timing the market, say experts, is possibly the toughest thing to achieve. But what experience teaches us is that the small investors, the retail investors, are invariably caught on the wrong foot when they aim to gain from a rally. The large institutional traders perform better. A recent report by Vallum Capital proves this dictum, as it tracks the trading behaviours of the two sets in the booming silver market.

In the last four years, between January 2022 and February 2026, global silver prices went up by five times to $1...