David Morgan of the Morgan Report (@silverguru) shares his latest thoughts on silver and gold, outlining the main factors he sees driving these metals at the moment and what their price potential looks like moving forward in 2024.
"What do I expect for the rest of 2024? I'm going to be conservative ... I'm going to say I think we'll still be in the US$30s — probably in the mid-US$30s," he said about silver. "I don't really think silver is going to be in the US$40s by the end of the year. People make arguments that it'll be US$50, and it could be. But I'm going to remain conservative."
Matt Watson's silver supply chart: [ Ссылка ]
Offer from David: [ Ссылка ]
This interview was filmed on May 24, 2024.
#Investing #Silver #Gold
0:00 - Intro
0:27 - Silver breakout or fake out?
2:29 - Silver and gold prices in 2024
4:45 - Key silver price drivers
11:26 - Has silver supply peaked?
13:43 - Key gold price drivers
17:31 - Recession or depression?
20:11 - Impact of US election
26:07 - David's offer for investors
27:44 - Outro
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