🚨 “Silver will scare you out or wear you out.” – David Morgan. As silver rockets toward $84 before a sharp pullback, legendary silver expert David Morgan cuts through the noise in this critical year-end interview. He warns that emotional trading and misinformation are fueling extreme volatility, but the real bull run isn’t over yet. Morgan reveals his disciplined exit strategy to avoid a devastating “round-trip” back to lower prices and explains why physical premiums in Asia tell a different story than paper markets in the West. With China imposing export controls and refiners scrambling for supply, the structural squeeze is real, but so is the need for a clear-headed plan. This isn’t just a metals rally; it’s a warning shot in the broader collapse of trust in fiat systems and a frantic global search for tangible value.
Chapters:
00:00 – Factors behind the silver rally
05:48 – “Silver will scare you out or wear you out.”
10:21 – Where the silver price head towards?
13:44 – Navigating misinformation: the case of “AI Guy”
16:32 – CME margin hikes & price smackdowns
18:17 – Shanghai high physical silver premium signals tightening supply
21:08 – Effects on China’s new silver export restrictions
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44 Comments
As of Jan 22, 2026, Physical silver in India has about 10% premium above spot. I see People, in India, are in getting in to silver as Stock market and Realestate are not doing well in India. There is NO shortage though
Only 10% ?
david always knows what to expect
this crash got me worried fr
i hope silver bounces back soon
man this made me super anxious lol
crazy how fast it dropped
i feel like we’re in for a rough ride
what's next for silver now tho?
You don't have to be a rocket scientist to figure this one out. In a world where a carton of eggs rose in price to $10 buck's and everything from food to energy has skyrocketed in the last 5 years because of a weak, declining dollar and no real consumer protection; silver is just starting to rev its engines. The governments, financial institutions and big tech have been suppressing the paper price for decades and don't forget about COMEX which is a gangsters' paradise. It's the other countries that have wakened up to the reality of the manipulation and due to very high demands, the fraudsters dam is starting to show significant cracks, and it's just a matter of time before all hell breaks loose and silver reaches $260.00 within the next 28 months. You can print all the silver certificates that you want, but sooner than later the world will realize that this is a rigged con game.
Guilty party is the COMEX market
Many people have software that tells them when to buy and sell
Don’t sell anything of value but trade it for something you need. This whole thing is still based on “how many dollars do I get for one ounce ” not food , housing needs , fuel……
@Dani you seem to laugh at the “Chinese Guy” maybe you should listen to him more. He was bang on! His analysis is by far better than most. His research is deep!
A lot of misinformation regretfully…the company with export license needs to declare who are they selling to…Great way for China to control who gets silver – consequences do not needs explanation
The information about China imposing licenses for silver exports was announced in July 2025 so it’s not news 😉
14:00 AI – it is good ONLY if you know how to get things out of it. Otherwise, 10% time total hallucination. That 90% perfect work is great. But you can’t afford to risk the 10%. A long way to go before it can be reliably productive.
Can you readily access lots of physical silver? Are manufacturers well placed for silver stocks for their next few quarters? Sure the paper market can say one thing but that paper is basically toilet paper right now. The major banks are trying to manipulate the situation but there is a real world trading and seeing the consequences
David Morgan is a legend! I was like 21 years old when I got into silver around 2009 and he was one of the reasons, it’s been an amazing ride and a lot of stability for the family having physical gold and silver (mostly silver). Thank you David! 💚 real money always wins in the end
THis clown just wants us to sell
I'm not selling it into Fiat Currency, I am waiting until we have a asset backed digital currency!
Is David moving out of Washington State
God's money is gold and silver, not fiat. Make sure you also hold the physical ones and/or put them in a storage vault.
Silver manipulator
Im glad there will always be someone I can buy silver from. Let the bears have their opinions, we need sellers.
Where is silver headed? Now theyhave latched on to ratios of hold n silver. Any f excuse.
Pl remember these talkers are v well off n not your normal Joe.
Real estate, oil etc not for ordinary folks. These cream off the main profits n the rest scamble for pennies. Fockers.
Why now? Silver has been used for tens of years, so why sudden surge? Banksters at it again , multitude of reasons but main one f greed n robbery.
Not trust cash and financial paper stuff of c0rrupted bankers. Buy gold and silver… BUY PHISYCAL SILVER. Don't be afraid to have something real in your hands and everyone would accept (instead paper documents or worst digital numbers that can become nothing tomorrow). The future is something of real phisycal value. Open your eyes and start to buy and sell with SILVER ! the real values of silver should be really a lot more, but banks and corporations don't want you can handle precious metal to avoid their control (made by papers and digital nothing)… think about it… put silver under your pillow.
KEEP ON STACKING NO MATTER WHAT HAPPENS
I dont understand all the panic… silver and gold have been hitting new highs and then pulling back to find a new base higher than where they were. Then prices continue to rise slowly again until another leap upward. This has been the pattern all year 😂n
Im annoyed about the margin callers these traders are making bets i have certainty on gods money making a return for good as part of a new revised basket currency, and the prices should increase based on all of the hyperinflation. 20k plus per oz gold and 3-digit silver absolutely one day in the near future.
Ty
He is trying to save Bank of America and Citi Bank who are caught massively short in silver. The US is losing control of precious metal price setting. The futures contract covering will calm the market until the next futures contract expiration, but the rest of the world wants their precious metals now. If you sell, the trapped banks will cover their positions and save the US banking system.
Jesus Christ did this dude just roll out of bed for this interview? Watch the Asian dude!
Go up after market closed
As of Dec 2025 there are about !0,000 actively traded, cryptocurrencies at any given time.
However the the silver market is in a significant, multi-year supply shortage, with global demand consistently outpacing production for over five years,, Who in their rigt mind would cash out silver and move it to Bitcoin?
Hi Daniela, expect ITM Trading no longer does sell physical Silver for the Paper/Comex price and adds a 10$ surcharge at least and maybe more in future. So zero worry about the manipulated paper Price, ideally you can address in your future Videos.
10 to 1
QE just restarted Gold and Silver are just getting started.
It was simple year end profit taking and otherwise typical chicanery.
All the MSM outlets reporting on Silver the past month have attributed the rise in Silver to "geopolitical uncertainties" and won't dare address the fundamental reasons why it's taking off to deter the retail investor from buying Silver.
Meanwhile the COMEX raises the margin requirements for futures contracts…
Great,
Happy new year🎉
Your title suggests the movement of Silver is violent. What’s really ‘violent’ is the decade’s manipulation of the precious metal. That is what it violent…when Silver climbs more than 2X, or 10X will that be called violent? Morgan states that Silver has gotten ahead of itself…It’s been manipulated for decades. It needs to catch up.
Yeah, I got to totally disagree with this guy basically saying that the market for silver is capped for any new buyers and we should put our trust back into paper value yeah no thanks.