David Morgan of TheMorganReport says they expect silver, “the lowest precious metal on the planet”, to finally surpass the $30 mark by 2022, outperforming the price of gold. We have prepared David Morgan’s market comments and forecasts for the readers of Cryptokoin.com .
“Silver, not gold, has more potential”
“I think the individual demand for silver will increase because the stock market is starting to sell,” said David Morgan and continues his assessment as follows:
10 years go through the golden cross, we start to see more uncertainty in the market and then it decreases if the cryptocurrency market starts to rise. We will see much more interest in precious metals. So I think these three things are synergistic to push the metals higher.
David Morgan adds that industrial demand continues to provide sailing winds into 2022:
Electrification. So anything electrical or electronic will likely be the main driving force. Solar panels will likely play a big role. When fossil fuels hit the ‘energy gap’, renewable energy sources such as solar will play a larger role in energy production.
David Morgan, aside from the industrial side of the United Statesdollarser, states that there is not enough silver to get the U.S. residential market solar powered, commenting:
In other words, all commercial operations that require electricity in the United States dollar series will require about two years’ production of all the silver we mine on the planet. It takes about a year of silver to introduce solar energy to all homes.