David Morgan’s weekly perspective focuses on a market environment being driven by war, energy stress, and early signs of systemic pressure.   Oil is the dominant story. Crude prices have pushed above $100 per barrel amid …

        Silver had a volatile week, and it raised some important questions about where the broader market may be headed.   In the latest Weekly Perspective, David Morgan breaks down the sharp move in the silver market …

        David Morgan reviews research from the Silver Institute examining the relationship between above-ground silver stocks and the price of silver. At first glance, the study’s conclusion appears counterintuitive because it states that there is no clear …

  Metals or Miners: Why Not Both? | https://www.themorganreport.com In his Weekly Perspective, David Morgan keeps the update concise while highlighting major geopolitical and market developments. He begins by noting escalating geopolitical tensions, particularly the outbreak of war involving Iran, …

        David reviews the state of physical silver availability by examining withdrawals and inventories across China, the Shanghai Gold Exchange, COMEX, and the LBMA. He notes that Shanghai silver withdrawals in 2025 were near record levels and …

        In the Commitment of Traders data tied to COMEX and reported by the CFTC, banks appear within the Commercial category. Across full market cycles, that category remains weighted net short silver futures.   After sharp selloffs, …

        Gold and silver prices sold off sharply, underscoring the outsized influence of paper markets in driving short term price action. Yet beneath that volatility, the physical market continues to assert control through sustained demand and tightening …

          As silver continues to move, it won’t creep higher. It will accelerate. History shows that the most dramatic gains occur in a compressed window, when volatility spikes, emotions run hot, and rational decision making becomes …

        The precious metals market is moving quickly, and key developments can unfold before most investors realize what is happening. Gold and silver reward those who stay engaged and informed, not those who check in after the …

          Gold and silver in 2025 were not simply strong performers. They were signals. Each metal delivered a message about where capital is flowing, how confidence is shifting, and what investors expect from the monetary system …