The Silver Guru, David Morgan, presents compelling analysis for solid silver bull market in 2024.
- David outlines a quick overview of the current silver market.
- We review the silver price chart and technical analysis.
- The fundamental case for silver is also wildly positive.
- The Commitment of Traders (COT) hints at the bullish silver thesis.
- Silver is building a bullish cup & handle setup for a retest of all-time record high prices.
- David expects silver to advance to $30 this year.
Now we're looking at gold. We'll see a cup and handle and, gold is running around it's all-time high. I mean the $2000 level is kind of the handle for gold. Yeah, it's dipped below that but not for very long and I think that will remain the case...and once we get a substance of breakout, as you show with your arrows and your question mark, once you get above that and stay there, then $2000 becomes the floor, becomes support. Now, we're looking at $2200 or $2400 or $2500 gold and when that happens, silver will probably be able to get to $25. Still [I] really think that silver could hit $30 this year.
I don't know if it could hit $30 and stay there. But if we get into what I think is inevitable at some point, and I don't know if it's this year, where the availability of silver becomes harder to get and the industry starts to worry.
- As retail investors and institutions alike, silver could shine.
- There's no resistance above $50 silver - how far will it soar?
- David's documentary trailer: https://silversunrise.tv/
- David Morgan's main page
About the author
Chris Waltzek is host, executive producer, writer/editor, best-selling author, webmaster, sound engineer and computer guru at Goldseek.com Radio. He earned his bachelors degree in Business Economics and holds a dual MBA in Business Economics & Information Systems. Upon graduation he worked as the firm-wide Industry Analyst at one of the nations largest law firms, Jones, Day, Reavis, Pogue. Chris is currently a Ph.D. student in Management / Finance at NCU.
