There’s No Silver Deficit, and Hasn’t Been One For 10 Years - David Morgan

The ongoing debate in the industry is whether or not there is a surplus or a deficit of silver supply. However, to silver expert David Morgan of The Morgan Report, there hasn’t been a deficit in at least a decade. “In the past, we were in a deficit, from 1990 to 2006. From 2006 until now, we’ve been in a surplus,” he told Kitco News at the Silver & Gold Summit in San Francisco. “We are not and have not been in a silver deficit for the last 10 years.” However, Morgan remains optimistic that silver prices can move higher. “We have a good base here, we’re at the launch point in next 3-6 months,” he said. “2018 is going to be a good year for silver.” (show less)

The ongoing debate in the industry is whether or not there is a surplus or a deficit of silver supply. However, to silver expert David Morgan of The Morgan Report, there hasn’t been a deficit in at least a decade. “In the past, we were in a deficit, from 1990 to 2006. From 2006 until now, we’ve been in a surplus,” he told Kitco News at the Silver & Gold Summit in San Francisco. “We are not and have not been in a silver deficit for the last 10 years.” However, ... (read more)

 
 
Silver & Gold Summit 2017

Silver & Gold Summit 2017
Don’t miss Kitco News’ coverage of the 2017 Silver & Gold Summit in San Francisco, an event brought to you by Cambridge House International, in collaboration with Katusa Research. From November 20-21, speakers from around the world will address delegates on relevant topics related to the metals and mining industry. Daniela Cambone will be interviewing experts to get their exclusive insights on the gold sector and whether or not they believe the precious metals bull market is just getting started. Our coverage is brought to you by Corvus Gold, a Vancouver-based exploration and development mining company.

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