Silver Price Explodes: Breakout or Fake-Out? David Morgan Calls It | https://www.themorganreport.com
If I had to name the number one driver, I’d say it’s the bond market finally reflecting reality,” says David Morgan, publisher of The Morgan Report. He tells Daniela Cambone that even though the silver price has reached a high, the Morgan Rule—a methodology he created to indicate breakouts—requires the price to stay above the breakout point for three consecutive days on above-average volumes to confirm a real breakout. “Since today is day one, I’m staying calm and waiting two more days.”
Morgan also states that the bond market’s return to “reality” is the most important factor behind current economic uncertainty, signaling a fundamental shift away from decades of central bank control over interest rates.
Addressing headlines about China resetting the gold price, he explains that China’s move is a geopolitical and economic maneuver to “challenge the existing pricing system.” “It’s a strategic move to take control away from Western markets and assert their influence in the global monetary system.” Watch the video to hear his insights on silver’s future trajectory and the outlook for the U.S. economy.
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