# Silver’s Violent Liquidation: Is the Bottom In? With Guru David Morgan

Page: https://stenobird.com/podcast/kerry-lutz-s-financial-survival-network-1397813/silver-s-violent-liquidation-is-the-bottom-in-with-guru-david-morgan
Text version: https://stenobird.com/podcast/kerry-lutz-s-financial-survival-network-1397813/silver-s-violent-liquidation-is-the-bottom-in-with-guru-david-morgan.md
Podcast: [Kerry Lutz's--Financial Survival Network](https://stenobird.com/podcast/kerry-lutz-s-financial-survival-network-1397813)
Published: 2026-03-25T16:28:41+00:00
Episode link: https://khlfsn.substack.com/p/silvers-violent-liquidation-is-the
Audio file: https://api.substack.com/feed/podcast/191993829/84036378081679a62a109d7b4de9c2d0.mp3
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Duration seconds: 2674

## Resource

In this episode, Kerry Lutz sits down with precious metals authority David Morgan of The Morgan Report to dissect the recent, dramatic sell-off in gold and silver. After silver hit a massive high of $120 earlier this year, it saw a violent 50% retracement. David explains the mechanics of this “liquidation phase,” the role of the futures market, and why he believes a massive supply-demand squeeze is still on the horizon. Key Discussion Points: * The “Violent Liquidation” Phase: Why silver plummeted from $120 to the $60-$70 range and why this is a natural market correction after a 140% run in 2025. * The Dollar vs. Metals: How the “higher for longer” interest rate environment briefly repositioned gold and silver as rate-sensitive assets rather than crisis hedges. * Physical Supply Reality: David breaks down why the “60 billion ounces mined” statistic is misleading, noting that half of all silver ever mined is lost in landfills or industrial waste. * The Mexico Factor: A look at the geopolitical risks in Mexico, the world’s largest silver producer, including the influence of cartels and the potential for nationalization. * Future Outlook: David predicts a period of consolidation followed by a push toward $100 silver and potentially $6,000–$7,000 gold . * Emerging Demand: Beyond solar and EVs, David highlights robotics and high-density silver batteries as the next major industrial drivers for the metal. This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit khlfsn.substack.com/subscribe

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## Transcript

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