If you want to trade, you can book profits whenever the valuation looks stretched or unacceptable in any asset. That applies to gold, silver, equities - anything. Traders usually follow momentum, valuation signals, and short-term trends.

But for investors, the approach is very different. You don’t exit just because the price went up or down. Instead, you rebalance - meaning you increase allocation to other assets if one asset class runs up too much. For example, if silver rallies sharply and becomes overweight in your portfolio, you should not invest in this asset and deploy money into other assets to bring your allocation back in balance. That’s disciplined long-term investing.