David Morgan, a well-respected silver market expert, has recently shared his outlook on the precious metal for the coming years. He foresees that the price of silver could approach US$40/oz in 2025, a steep increase from its current trading range.
Morgan bases this forecast on several variables. One major factor contributing to his bullish view on silver is the rising industrial demand. Silver is a vital component in a number of growing industries, including solar panels, electrical vehicles, and other technological applications. As these industries expand, Morgan anticipates that the demand for silver will increase concurrently, driving up the price.
Additionally, Morgan suggests that silver markets may also be driven by increased investment demand. As investors seek out safe-haven assets amidst economic uncertainty and potential inflation, silver stands out as one of the prime choices.
However, this upswing will not last indefinitely, according to Morgan. He predicts a blow-off top in 2026, suggesting that the price of silver could rise dramatically before suddenly plummeting due to a market correction.
A blow-off top typically represents the climax of a significant market bubble, where prices spike and then rapidly decline. Morgan does not specify the extent of the 2026 drop, but the implication is that it could erase much of the gains made in the previous years.
In short, Morgan’s projection paints a picture of a significant bullish run for silver up until 2026, followed by a dramatic market correction. As always, these forecasts are speculative and should be considered alongside other market analyses and personal financial goals.
