“There are a lot of investors holding certificate guarantees that the physical silver is there when in fact it may not be…”
Morgan answers the question: Is there a silver shortage? Silver guru David Morgan says there hasn’t been a shortage in a decade.
Morgan is optimistic for the silver market. Silver is making a higher low than in 2015, meaning the bull market is still alive. He sees silver rising above $20/oz.
The movement into crypto-currencies is evidence people are losing faith in paper currencies, Morgan says. Inevitably, paper currencies will collapse, and people will search for alternatives.