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David Morgan: Silver to US$40 in 2025, Then Blow-off Top in 2026?
"I'm looking for US$40 or so in 2025 — it's really hard to predict because technically there's no resistance above US$35 or so," said David Morgan of the Morgan Report.
David Morgan, publisher of the Morgan Report, shared his outlook for silver in 2025 and beyond, saying that the white metal may reach US$40 per ounce next year with the possibility of a blow-off top in 2026 or so.
He also discussed his ongoing concerns about central bank digital currencies, both in the US and globally.
"If you could use one word to define my purpose, the way I see it, it's 'freedom.' I like the silver and the gold, and all the stories behind them and the monetary purposes thereof," Morgan said.
"But when it gets down to it, the way the system's going, the amount of gold and silver you have is going to be pretty much meaningless if you do not fit into the social credit system like the Chinese (have)."
Watch the interview above for more from Morgan on silver, as well as gold and the overall market. You can also click here to view the Investing News Network's New Orleans Investment Conference playlist on YouTube.
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Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.
Editorial Disclosure: The Investing News Network does not guarantee the accuracy or thoroughness of the information reported in the interviews it conducts. The opinions expressed in these interviews do not reflect the opinions of the Investing News Network and do not constitute investment advice. All readers are encouraged to perform their own due diligence.
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With an eye for detail and over a decade of experience covering the mining and metals sector, Charlotte is passionate about bringing investors accurate and insightful information that can help them make informed decisions.
She leads the Investing News Network's video and event coverage, and guides a team of writers reporting on niche investment markets.
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With an eye for detail and over a decade of experience covering the mining and metals sector, Charlotte is passionate about bringing investors accurate and insightful information that can help them make informed decisions.
She leads the Investing News Network's video and event coverage, and guides a team of writers reporting on niche investment markets.
Learn about our editorial policies.