“If I had to name the number one driver, I’d say it’s the bond market finally reflecting reality,” says David Morgan, publisher of The Morgan Report. He tells Daniela Cambone that even though the silver price has reached a high, the Morgan Rule—a methodology he created to indicate breakouts—requires the price to stay above the breakout point for three consecutive days on above-average volumes to confirm a real breakout. “Since today is day one, I’m staying calm and waiting two more days.”

Morgan also states that the bond market’s return to “reality” is the most important factor behind current economic uncertainty, signaling a fundamental shift away from decades of central bank control over interest rates. Addressing headlines about China resetting the gold price, he explains that China’s move is a geopolitical and economic maneuver to “challenge the existing pricing system.” “It’s a strategic move to take control away from Western markets and assert their influence in the global monetary system.”

Watch the video to hear his insights on silver’s future trajectory and the outlook for the U.S. economy.

The Silver Breakout Has Begun—But Is It Real? David Morgan Weighs In
Featuring David Morgan on The Daniela Cambone Show – Presented by ITM Trading

After years of quiet accumulation, silver is finally on the move—and according to longtime precious metals expert David Morgan, this could be the beginning of something big.

In a timely and urgent interview with Daniela Cambone on The Daniela Cambone Show, Morgan discusses silver’s breakout, why the bond market is the real trigger, and what China’s latest moves on the Shanghai Futures Exchange could mean for the future of both gold & silver prices.

For ITM Trading’s audience—Americans aged 50+ seeking protection from inflation, economic collapse, and currency debasement—this conversation couldn’t come at a better time.

Day One of the Silver Breakout—But Is It Real?

Silver is up over 20% year-to-date and recently hit its highest level in more than a decade. Silver bugs are cheering, but Morgan is urging cautious optimism.

“This is day one,” Morgan explains. “To confirm a true breakout—not a fakeout—we need three consecutive days of closes above the breakout point, all on above-average volume. That gives us an 80–85% chance it’s the real deal.”

That simple rule—what he calls the Morgan Rule—helps cut through the noise for traders and long-term investors alike.

Still, he believes momentum is building. With minimal overhead resistance and few willing sellers at higher prices, any new buying could accelerate silver’s move into the $30s or $40s per ounce.

What’s Driving the Surge? Look to the Bond Market

While most headlines attribute silver’s rise to geopolitics or inflation, Morgan points to the real driver: a broken bond market.

“The bond market is finally starting to reflect reality,” Morgan said. “Even Jamie Dimon is talking about the return of the bond vigilantes—something we haven’t seen since the 1970s.”

With the decades-long bull market in bonds now broken, trust in U.S. debt is fading. As Morgan explains, the U.S. Treasury has become the world’s most important and most vulnerable market—and its cracks are fueling gold and silver’s rise.

Echoes of 2008—and a Missed Opportunity to Reset

Morgan believes we could have avoided this crisis altogether—if we had let the market reset naturally after the 2008 financial collapse.

“We could have bitten the bullet in 2008,” he said. “But instead we bailed everything out and kept rates at zero. That created an illusion of stability, and now we’re paying the price.”

With zombie corporations unable to service even the interest on their debt, layoffs accelerating, and consumer activity plummeting, Morgan believes we’re on the brink of a harder landing than anyone is ready for.

China and the Great Gold Shift

A major development that isn’t getting enough attention: China’s aggressive moves to reshape the global gold market.

Morgan reveals that the Shanghai Futures Exchange recently announced 34 reforms aimed at opening its gold markets to direct foreign participation—including accepting margin deposits in U.S. dollars and expanding warehousing in Hong Kong.

“This is part of China’s broader strategy to shift gold pricing power from the West to the East,” he said. “They want to dethrone the LBMA and COMEX as the world’s pricing benchmarks.”

Gold inflows via Hong Kong surged in April, and the Chinese government is making it easier for trade partners in the Global South to store and settle in physical gold through offshore Shanghai vaults. Some experts are calling this a quiet remonetization of gold.

Silver Still Left Behind—But Not for Long

While China’s citizens have access to gold accumulation plans, silver remains restricted. Most retail investors can’t easily buy silver, and existing futures contracts are too large and leveraged for ordinary citizens.

“Silver is the underdog,” Morgan said. “But as demand grows, the market will respond—likely with smaller, more accessible products, like mini-contracts.”

This dynamic echoes what’s happened in Europe, where value-added taxes on silver have discouraged private investment while governments prioritize industrial and monetary uses.

“It’s not a conspiracy,” Morgan adds, “but it is a system that discourages the public from accumulating what I believe is the most undervalued hard asset on the planet.”

What Happens If the System Breaks?

If the bond market continues to deteriorate and trust in the U.S. dollar erodes further, the consequences will be profound.

“The entire world runs on credit,” Morgan explained. “If Treasury trust breaks, the whole system cracks.”

This could trigger a liquidity crisis where zombie corporations fail en masse, consumer demand crashes, and silver demand—both industrial and monetary—surges as a hedge against system failure.

Final Thoughts and Call to Action

With both gold and silver prices breaking out and central banks buying metals hand over fist, Morgan’s message is clear: the time to act is now.

At ITM Trading, we’ve helped thousands prepare for this exact scenario—by guiding clients toward ownership of physical gold and silver, building portfolios that preserve privacy, purchasing power, and independence in a world where both are increasingly under threat.

👉 Visit DannyReport.com to download your free gold and silver strategy kit today.
And subscribe to The Daniela Cambone Show for expert interviews with trusted voices like David Morgan and others.

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