According to David Morgan, the “Silver Guru,” we are staring down a global silver squeeze that could deliver 10x gains as deficits compound year after year. Unlike past crises confined to single nations like Weimar Germany or Argentina, this time the storm is worldwide — and the U.S. dollar itself is at the center.

If true, the implications are staggering. Silver isn’t just another commodity anymore. It’s becoming the ultimate barometer of financial instability, with industrial demand surging, supply drying up, and investors waking up to its historic role as real money.

The Acceleration Phase: Gold Signals the Storm

Gold has already fired the first warning shot.

• Gold hit its 38th all-time high of 2025, up 43% year-to-date, its best run since 1979.

• David Morgan calls gold a “barometer” — forecasting the financial storm ahead, not merely reacting to it.

• As gold breaks resistance, history suggests silver won’t just follow — it will outpace.

Morgan reminds us: 90% of the move comes in the last 10% of the bull market. That’s where fortunes are made — and where most retail investors panic into the trade too late.

Silver Deficits: The Supply Crunch No One Can Ignore

The silver story is no longer just about shiny coins or jewelry — it’s about raw survival of supply.

• 25 years ago, industrial demand made up just 35% of silver usage. Today, it’s 60–70%.

• Annual mining output rose from 550 million ounces to 850 million ounces in that same period. Yet, it’s still not enough.

• For four straight years, silver demand has exceeded supply — forcing the market to eat into above-ground reserves.

Morgan cites analyst Matt Watson, who warns this “natural corner” means industrial demand alone could swallow all available silver. Add in even modest investment demand, and the supply-demand gap becomes catastrophic.

The $7 Trillion Trigger: When Sideline Money Moves

Here’s the powder keg:

• Over $7 trillion sits idle in U.S. money markets.

• If just 1% of that moves into silver, it equals two full years of global silver mining supply.

And this isn’t a theoretical risk — it’s exactly what happened in 1979 when Americans piled into silver as gold became unaffordable. Only this time, it won’t be one nation chasing silver. It will be the entire world, against the backdrop of a collapsing dollar and dwindling trust in Western finance.

The Stock Market Illusion: A Dangerous Contradiction

Stocks are at record highs. Gold is at record highs. Both shouldn’t be true at the same time.

• Historically, gold is the most negatively correlated asset to equities.

• If both are rising, Morgan warns it signals an inevitable break.

• When stocks finally crack, gold will “really rock”… and silver will move even harder.

This is why Morgan calls the current phase “stomach-turning.” The illusion of stability is masking an approaching systemic reset.

Corrections, Manipulation, and Margin Games

Every bull market tries to throw riders off the bull. Silver will be no different.

• The CME has already started raising margin requirements to “cool” the silver market.

• History shows this is always the tactic: 1980, 2011, even in palladium’s meteoric rise.

• Sharp corrections are inevitable — but they are designed to shake out weak hands before the next leg higher.

For patient holders of physical silver, these shakeouts are not losses — they are confirmations that the squeeze is real.

Gold & Silver: The Last Refuge of Integrity

This is bigger than just markets. Morgan warns that as the currency is debased, the very moral fabric of society decays. The U.S. is rapidly transforming into a “have vs. have not” system, mirroring South America’s wealth disparity.

But through history, gold and silver have remained:

• Wealth preservation tools when currencies collapse

• Tangible assets immune to central bank printing

• Inflation hedges when grocery bills soar and pensions fail

• Trusted money in times of lost faith in governments and Wall Street

When the dollar falters, gold and silver don’t ask for bailouts. They simply hold their value.

Conclusion: Silver’s Global Moment

David Morgan doesn’t mince words: the coming silver squeeze is not a U.S. event. It’s global.

• Industrial demand ensures a permanent supply deficit.

• Investment demand could trigger a historic shortfall.

• Trust in fiat currencies is collapsing, accelerating the flight into real assets.

Silver is no longer just a “poor man’s gold.” It’s shaping up to be the wealth transfer of a generation.

The window to act is closing — the acceleration phase is already underway.

About ITM Trading

ITM Trading has over 28 years of experience helping clients safeguard their wealth through personalized strategies built on physical gold and silver. Our team of experts delivers research-backed guidance tailored to today’s economic threats.

THINKING ABOUT PURCHASING GOLD & SILVER?
Get expert guidance from our team of analysts with 28+ years of experience.
👉 [SCHEDULE YOUR CALL HERE] or call 866-706-9061