Mark This Date! What's About to Happen to Gold & Silver Prices Will SHOCK You - David Morgan Renowned financial analyst David Morgan expresses uncertainty about exact price ranges but believes gold will fluctuate between 2200 and 2400 dollars and silver between 29 and 31 dollars. He firmly states that precious metals will regain traction around September or October. In terms of fundamentals, David Morgan says the market is very interesting. The fundamentals are improving, making a solid case for owning gold. Central banks, considered the smartest money, have been deliberately moving into gold. Global demand for gold by central banks has doubled since 2022, from 11 percent of total gold demand in 2021 to 23 percent in 2023. This trend continued in the first quarter of this year. Investments in bars, coins, and ETFs, which had increased significantly in 2020, have since decreased significantly. On the silver side, Morgan observes that retail investors have largely stayed out of the recent move. Many bought silver at high premiums and are now cashing out at break-even or slight profit. Furthermore, Morgan notes that the wholesale market is seeing more sell-backs than buys, but he believes the market is still fundamentally bullish. He points out China and India's strong participation in investment and industrial use, especially for solar panels. Morgan predicts a consolidation period with a trading range, but he maintains that the fundamentals continue to improve. Investors questioned silver's ability to hold above the psychologically important level of 30 dollars an ounce, reducing the net speculative longs by 4,000 contracts to 37,700. Nevertheless, bulls may not fuel the XAGUSD rally, leading to an increase in white metal-focused ETFs. Coupled with strong demand from India and China, this will reduce onshore reserves and push prices even higher. According to TD Securities research, growing demand could wipe out reserves in 12-24 months. Reflecting on his decades-old ten rules of silver investing, David Morgan says these principles remain highly objective. Morgan questions what "a little" silver means, noting that even small amounts are too precious for everyone to own. He predicts that if every American had 500 ounces, it would quickly deplete the silver supply. Silver prices reached an eleven-year high on Monday, driven by economic data that has strengthened expectations for interest rate cuts by the U.S. Federal Reserve. Recent inflation data has contributed to this bullish outlook for silver, with traders focusing on the Fed's upcoming policy meeting minutes for further guidance. Regarding current tensions, David Morgan expresses his disheartenment as an American. He emphasizes that adhering to the Minsk agreement could have prevented the situation. Looking ahead, he predicts potential retaliatory strikes, stressing these are genuinely concerning times, not mere fearmongering. Follow on X: https://twitter.com/MoneySense_Off "Welcome to our channel dedicated to gold and silver investing! In this video, we provide expert insights and analysis on the latest trends in the gold and silver market. Discover strategies for investing in precious metals, including gold and silver bullion, coins, and jewelry. Stay updated with real-time price updates and market news, and learn how to diversify your portfolio with gold and silver. Whether you're a beginner or an experienced investor, our channel offers valuable tips and guidance to navigate the world of precious metals. Subscribe now for in-depth analysis, historical data, market forecasts, and more. Join our community of gold and silver enthusiasts and unlock the potential of these timeless assets. #GoldAndSilverInvesting #PreciousMetalsChannel #InvestingTips" We bring you the latest news, insights, and analysis on gold, silver, and copper. Our videos cover a wide range of topics, including gold price, gold prediction, gold price forecast, silver price, silver price prediction, copper price, market trends, investment strategies, and industry news. We share interviews from experts like Rick Rule, Peter Schiff, Mike Maloney, Lynette Zang, and many others. Stay up-to-date with the world of finance and make informed decisions with our expert insights. Subscribe now and never miss a video! #gold #goldpriceprediction #davidmorgan