On closing shorts — a few frameworks:
1. **Technical target**: Close at key support levels. For silver, watch $85-90 range.
2. **% gain rule**: Some traders close half at 25%, let rest ride with trailing stop.
3. **Thesis invalidation**: If the reason you shorted changes (e.g., China removes export restrictions), close regardless of P&L.
4. **Time decay**: Shorts cost money to hold. Factor in borrowing costs.
With 25% gain already, taking some profit isn't wrong. "Nobody went broke taking profits."
What was your original thesis for the short?
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