The May issue of the Morgan Report centers on a macro-level thesis that the global financial system is approaching a late-stage phase, where structural imbalances could force a reset. The prevailing expectation is not immediate …

        David Morgan reviews the year-to-date performance of metals and energy, noting strong gains in aluminum, tin, nickel, zinc, crude oil, heating oil, and gasoline, while gold leads the precious metals and silver remains positive but appears …

        This week, I wanted to take a slightly different approach and revisit an older Morgan Report from December 2022. From time to time, looking back at prior work can provide useful perspective on where we stand …

        This week, I want to share something a bit different from our usual market-focused discussion.   At the recent Silver Party in Las Vegas, both Mike Maloney and I addressed the group. These remarks were not …

        Triple-digit silver was never just a number. It was a milestone, a signal, and for those who have followed the market closely, an inevitability that finally arrived.   For years, the move to $100 an ounce …

        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 …