Silver Shakeout - What's Next? | David Smith

3 years ago
169

Senior Analyst at The Morgan Report David Morgan says silver could fall lower from here. The silver market is trying to set a secondary summer low, he notes. "This may be a bigger move down than we would like to see," he says, "but it's not out of character in terms of the weakness that you tend to see in late summer." Gold has held up nicely while silver has plunged more than 2% today. Gold could follow silver lower in the coming days, David says. However, after Labor Day is seasonally strong for the metals.
LODE Digital Silver Project mentioned in the interview: http://ag.lode.one

0:00 Intro
1:15 Markets pullback
2:07 Silver update
2:49 Psychological capital
3:50 Gold update
4:39 Seasonal weakness
5:51 Inflation
7:38 Irrational market
8:32 Stagflation
10:23 Mining sector
11:24 Dollar Cost Averaging
12:30 Physical metals vs miners
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