David Morgan: 2022 Silver Market Year in Review

Published: Thu, 11/17/22

Last Saturday at SilverFest III, David Morgan joined us to give his year in review of everything that happened in the silver market in 2022.

It was certainly a volatile year in terms of the #COMEX spot price, which was well over $26 in March when Russia invaded Ukraine, but dropped below $18 per ounce as a result of paper market selling as the Federal Reserve began its rate hiking policy.

Yet in his review of the year, David talked about the relentless retail buying in the physical silver market, and how that still has yet to be reflected in the COMEX price.

He also talked about how unless Fed funds rates are taken higher than the inflation rate, that rate hikes don't bring down the silver price in the long-term. A phenomenon that was witnessed in 1979-1980, when rates were rising while both gold and silver still soared.

David answered questions from some of this year's SilverFest participants, and shared what he sees coming next in the silver market.

Information contained herein has been obtained from sources believed to be reliable, but there is no guarantee as to completeness or accuracy. Because individual investment objectives vary, this Summary should not be construed as advice to meet the particular needs of the reader. Any opinions expressed herein are statements of our judgment as of this date and are subject to change without notice. Any action taken as a result of reading this independent market research is solely the responsibility of the reader.

The Morgan Report is not and does not profess to be a professional investment advisor, and strongly encourages all readers to consult with their own personal financial advisors, attorneys, and accountants before making any investment decision. The Morgan Report and/or independent consultants or members of their families may have a position in the securities mentioned. Mr. Morgan does consult on a paid basis both with private investors and various companies. Investing and speculation are inherently risky and should not be undertaken without professional advice. By your act of reading this independent market research letter, you fully and explicitly agree that The Morgan Report will not be held liable or responsible for any decisions you make regarding any information discussed herein.

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