MARK MY WORDS! Silver's About to Be the BIGGEST BREAKOUT STORY In History - David Morgan

MARK MY WORDS! Silver's About to Be the BIGGEST BREAKOUT STORY In History - David Morgan

The silver market continues to exhibit volatile and noisy behavior, with prices testing key resistance levels. As market participants push to break above significant barriers, silver remains highly reactive to inflation, interest rates, and broader monetary policy shifts.
David Morgan, renowned for his insights in The Morgan Report, suggests that silver could reach as high as 40 dollars by the end of the year if momentum continues. This optimistic outlook aligns with gold’s upward trajectory, though Morgan emphasizes the need for vigilance in monitoring market conditions as we move forward.
Recently, silver experienced a brief rally during Tuesday's early trading hours before retreating, indicating signs of exhaustion. However, strong support remains near the 30-dollar level, extending to 28.50 dollars. This range is bolstered by the 50-day Exponential Moving Average, which offers an additional price cushion. Central banks cutting interest rates could further influence silver's performance, as lower rates typically drive demand for precious metals. Yet, silver’s industrial use also plays a crucial role—economic growth and rising industrial demand would provide an additional price boost.
According to Morgan, silver has demonstrated resilience at the 30-dollar level, most notably after its spike in late April 2011, when it managed to stay above this threshold for an extended period. This historical precedent suggests that if silver can break above the 31- to 33-dollar range, we may witness a significant shift in market dynamics.
Silver's performance relative to gold is also notable, especially in a gold bull market. In the later stages of such markets, silver has traditionally outperformed. For example, gold saw a 40% increase during the pandemic, while silver surged by an impressive 141%. Technical indicators support a bullish outlook for both metals, with gold currently forming a long-term cup and handle pattern—typically a bullish signal.
David Morgan highlights that the US economy is struggling with stagflation—rising costs, mounting debt, and inflationary pressures that interest rate cuts are unlikely to resolve. These challenges, compounded by the growing national debt and unsustainable liabilities, increase the risk of more profound financial instability.
Moody’s Ratings recently echoed this concern, warning that the next US administration must address widening budget deficits. In a report, Moody’s maintained a negative outlook on the US sovereign credit profile, downgraded from stable to downbeat last November, though the country’s Aaa rating remains intact. Moody’s is waiting to assess how Congress and the White House handle fiscal challenges before revisiting the US credit outlook.
Moody's said it expects the US government to run fiscal deficits of around 7% of gross domestic product per year over the next five years and that deficits could rise to 9% by 2034. This would push the debt burden to 130% of GDP by then from 97% last year.

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[dannyarcherg]

I sold bs spot silver with 7% finance costs (even if no leverage) and moved to london USD sulver etf with ultra low expenses.
Time to kick back and enjoy the show!

[benjaminmoore]

How can gold and silver not skyrocket? The dollar is dead

[andrewyue]

I hate to say it… this dude had literally said the same thing for 20 YEARS! I mean he might be right eventually but when???