ITM Trading, Released on 12/29/25

“Silver will scare you out or wear you out.” – David Morgan. As silver rockets toward $84 before a sharp pullback, legendary silver expert David Morgan cuts through the noise in this critical year-end interview. He warns that emotional trading and misinformation are fueling extreme volatility, but the real bull run isn’t over yet. Morgan reveals his disciplined exit strategy to avoid a devastating “round-trip” back to lower prices and explains why physical premiums in Asia tell a different story than paper markets in the West. With China imposing export controls and refiners scrambling for supply, the structural squeeze is real, but so is the need for a clear-headed plan. This isn’t just a metals rally; it’s a warning shot in the broader collapse of trust in fiat systems and a frantic global search for tangible value.

00:00 – Factors behind the silver rally
05:48 – “Silver will scare you out or wear you out.”
10:21 – Where the silver price head towards?
13:44 – Navigating misinformation: the case of “AI Guy”
16:32 – CME margin hikes & price smackdowns
18:17 – Shanghai high physical silver premium signals tightening supply
21:08 – Effects on China’s new silver export restrictions

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.

  investing, silver