David Morgan: Soaring Industrial Demand in 2024 Ushering in a New Era of Higher Silver Prices

The Morgan Report, Released on 9/28/24

This week silver prices surged past $32 per ounce for the first time in a long time. Was this fueled by growing expectations that the Federal Reserve would continue to lower its benchmark interest rate and escalating geopolitical tensions worldwide, which boosted safe-haven demand. With the market expected to face a fourth consecutive year of structural deficits in 2024, many analysts see this resurgence as the beginning of a more bullish trend for silver. Much like its counterpart, gold, China’s strong demand for precious metals, including silver, could lead to significant price gains for the metal in the months ahead.

David Morgan is a world-renown precious metals aficionado. He is the creator of TheMorganReport.com, a monthly report that covers economic news, overall financial health of the global economy, currency problems and the key reasons for investing in precious metals. A dynamic, much-in-demand speaker all over the globe, David’s educational mission also makes him a prolific author, having penned Get the Skinny on Silver Investing, The Silver Manifesto and, most recently, Second Chance: How to Make and Keep Big Money from the Coming Gold and Silver Shock.

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