Why SILVER Could Break $100 In 2026

Silver is stepping into a new era, shifting from a simple industrial metal to a monetary asset with global implications. In this conversation, David Morgan breaks down the forces driving today’s silver market: tight physical supply, rising industrial demand, a monetary awakening on Wall Street, and geopolitical shifts pushing silver from West to East.

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00:00 – Intro
00:33 – Silver’s shift from commodity to monetary asset
02:00 – Wall Street embraces gold: changing portfolio models
03:20 – Why late-cycle silver moves are explosive
04:27 – Industrial demand
06:00 – Industrial vs. investment demand
07:07 – CME outage, Shanghai signals & manipulation concerns
08:56 – Cash settlement rumors and what evidence actually shows
10:21 – Spoofing, manipulation cases & weakening paper-market influence
11:50 – Shorts losing control as physical market tightens
12:50 – Physical silver overtaking derivatives in price discovery
15:20 – How volatile can silver get? Triple-digit scenarios
16:10 – New government, ETF, and sovereign demand pressures
17:58 – Could silver ever be confiscated?
19:18 – Lessons from 1930s gold confiscation
21:15 – Mining deficits, financings & why producers are raising capital
23:43 – Can new supply or recycling ever catch up?
24:56 – Why silver mining is uniquely difficult
25:22 – M&A, juniors & early signs of a coming frenzy
27:43 – “High prices cure high prices?” Not this time
28:11 – 25-year projected deficit & runaway demand models
29:53 – When institutions briefly absorbed half the world’s silver
31:03 – Will copper/gold miners start valuing their silver?
32:33 – When silver becomes too valuable to stream away
34:06 – India, China, Russia & the East reshaping the silver market
36:51 – The long-term shift of price discovery from West to East
38:12 – What surprised David Morgan in this cycle
39:44 – Mainstream media finally covering silver

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