|

“Silver Guru” David Morgan gives his take on current silver market

In a recent interview with Liberty and Finance, the esteemed precious metals analyst David Morgan, widely known as the “Silver Guru,” delivered a compelling analysis suggesting that silver prices are on the cusp of a significant surge. Drawing upon his extensive knowledge of the precious metals market, Morgan highlighted the current lack of substantial upside resistance for silver, hinting at a potential rapid upward movement that has yet to materialize fully.

“I mean, we’re high enough in the silver price for it to have very little upside resistance and to be able to just move, move, and move some more, and it hasn’t started yet.”

Morgan believes that broader market dynamics and the inherent appeal of silver as a monetary and industrial metal will eventually draw them back in.

Source – The Jerusalem Post

Similar Posts

  • Footage of Gold toilet burglary

    The footage played at their trial at Oxford Crown Court showed two vehicles driving across the Great Courtyard, before hooded individuals armed with sledgehammers and a large crowbar broke into the palace. One could be seen leaving carrying a golden toilet seat.

    The fully functioning lavatory was insured for the sum of $6m (£4.8m), the court heard previously.

    “They knew precisely where to go, broke down the wooden door to the cubicle where the toilet was fully plumbed in, removed it, leaving water pouring out of the pipes, and drove away,” prosecutor Julian Christopher KC said previously.

    “Clearly such an audacious raid would not have been possible without lots of preparation”, he added,

    Source – BBC

    I will follow this till the end of the trial. I want to know what happened to the toilet! Maybe you do too. Clearly had to have been planned and to have done it so quickly, from the video evidence anyway. Let’s see what happens. -V.

  • /

    Gold still looks good, dollar dropped

    “The de-escalation of tensions in the Middle East is the primary factor that’s weighing on gold. The safe-haven bid has diminished and the market is in more of a risk-on mode,” said Peter Grant, vice president and senior metals strategist at Zaner Metals.

    “We’ve got pretty good support around $3,300 and then even better support probably at $3,250.”

    Global shares surged and the dollar dropped on Tuesday after news of the ceasefire between Israel and Iran, while markets shrugged off what U.S. President Donald Trump called violations by both sides.

    Source – Reuters

  • /

    Silver prices in India gained .21%

    Silver prices in India ended the week higher, closing at ₹1,01,522 per kg on Friday, March 28, 2025. The metal gained ₹209 (0.21%) on the Multi Commodity Exchange (MCX) for May delivery, with a turnover of 22,870 lots.

    Silver remains one of the top-performing assets of FY25, delivering a 35.56% return, surpassing gold (+31.37%), Nifty (+5.29%), and Sensex (+4.96%).

    Max Layton, Global Head of Commodities at Citi, expects silver to trade between $34-$35 per ounce over the next 3-6 months.

    Source – CNBC TV18

  • /

    Investors rushing to safe-haven, gold

    Spot gold hit a record $3,004.86 per ounce on Friday, marking its thirteenth all-time high in 2025. Prices have already climbed 14% this year, after surging 27% in 2024.

    “With continued central bank buying, there are multiple factors driving demand. In a backdrop of geopolitical uncertainty and ongoing tariff changes, appetite for gold remains strong,” said Standard Chartered analyst Suki Cooper.

    “The inflation data is helping to give the market confidence that the easing cycle will continue, given concerns around inflation and growth,” said Standard Chartered analyst Suki Cooper.

    Source – Reuters

  • /

    Singapore being used by the “ultra-wealthy”

    The ultra-wealthy are increasingly moving their gold offshore as economic and geopolitical uncertainty roils markets — and Singapore is emerging as a favored destination.

    Not far from the city-state’s airport sits a six-story facility covered in onyx and fortified by tight security. Tucked behind its steel doors are gold and silver bars amounting to about $1.5 billion.

    “A lot of very high net worth clients are looking at tariffs, looking at the world changing, looking at the potential of geopolitical instabilities,” Gregersen told CNBC. 

    “The idea of putting physical metal in a safe jurisdiction like Singapore with parties they can trust is becoming a big trend nowadays,” he said, adding that 90% of the new orders are coming from outside of Singapore.

    Source – CNBC