Miles Franklin Media – YouTube, Released on 2/2/26

Michelle Makori, President & Editor-in-Chief, Miles Franklin Media, sits down with David Morgan, Founder of The Morgan Report and author of The Silver Manifesto, to break down one of the most violent reversals ever seen in precious metals markets. Gold plunged nearly 10% in a single session Friday. Silver collapsed more than 25% – its second-largest one-day drop on record. After a parabolic rally that sent silver into triple digits and gold to record highs, markets suddenly snapped. Morgan explains why this was not a collapse of fundamentals but a leveraged flush driven by margin calls, forced selling, and derivative exposure. He walks through how over-leveraged silver ETFs amplified the selloff, why gold behaved exactly as it should in a stress event, and what this reset means for prices going forward. The discussion also explores physical vs paper markets, Shanghai premiums, industrial demand, China’s monetary ambitions, central bank gold buying, and why Morgan believes this correction may ultimately strengthen the long-term bull market in gold and silver.

00:00 Introduction: gold & silver
00:59 Interview with David Morgan
02:36 Impact of Leveraged Funds
06:16 Manipulation Theories
13:16 Fundamentals of Silver Market
16:30 Future Predictions for Silver
19:39 Silver Market Predictions for Q2
22:13 Central Bank Influence on Gold Prices
29:55 China’s Ambition for Global Currency Status
37:00 Gold’s Role in Financial Stability
38:13 Conclusion & Final Thoughts

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.

  gold, investing, precious metals, silver