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The top silver expert joins Silver Doctors and shares his forecast for precious metal prices in 2019.
Gold broke through $1300 late January. “Gold’s got to lead silver.” Once we get above $1350 gold, silver will accelerate, he says.
For 2019, Morgan expects gold will not get above $1450. He sees the gold/silver ratio falling to 74/1, putting silver up to $18 or $19.
Morgan says some junior silver miners are great potential upside. He says there is an art to speculation and most people do not speculate correctly. He shares some pitfalls that people fall into when speculating on stocks.
While gold is flat for the last five years in U.S. Dollars, gold is up in other currencies.
Morgan sees a recession coming this year, while he sees the mainstream won’t acknowledge it until 2020.