Silver is up 1% on the week, holding above $26, and at this point looks better than gold. With that in mind, host Craig Hemke sits down with silver expert David Morgan of The Morgan Report to break down all the gold and silver news you need to understand where we are in the bull market.
In this edition of The Weekly Wrap-Up, you’ll hear:
- What it will take to extend the rally?
- The impact of Fed policy on the precious metals
- Plus: The right way to look at a CoT report
“In the big, big picture… it’s that we’re in the final leg of a major secular bull market that started roughly in 2003 for silver and 2000 for gold. If you read Jimmy Rogers’ books on commodities, he’ll tell you that the average commodities cycle is about seventeen years. So we’re probably—basis that and my own work—near the final chapter of this bull run. In the final chapter, though, third leg up, silver outperforms gold.”
To hear David’s full thoughts on this week’s gold and silver news, listen here: