Scary Price Drop! David Morgan Drops BOMBSHELL Predictions for Gold & Silver in 2025
Gold prices surged past the 2,700 dollar mark on Friday, reaching their highest levels in two weeks and securing their most significant weekly gain over a year. This week, the metal has climbed over 5%, driven by escalating geopolitical tensions and renewed safe-haven demand. This marks gold’s best performance since last October when the Middle East conflict triggered a rally that pushed prices to record highs.
The intensifying Russia-Ukraine crisis has been a key driver of gold’s upward momentum, adding more than 173 dollars since it hit a two-month low of 2,536.71 last Thursday. Despite headwinds such as the US dollar reaching a 13-month high and Bitcoin hitting an all-time peak, gold has continued to attract investors seeking stability in uncertain times. Historically, gold has performed well during geopolitical turmoil, economic instability, and low interest-rate environments.
A prominent market analyst, David Morgan, suggests that gold may trade between 2,500 and 2,900 dollars for an extended period. While a breakout to 3,000 dollars or higher could happen as early as 2025, he cautions that such a move might lead to a pullback, resulting in a higher trading range. Morgan also highlights the importance of the gold-to-silver ratio, which currently stands at 86.48, slightly down from 86.76 on Thursday. For the final leg of the bull market to be confirmed, Morgan believes the ratio needs to fall below 70.
Silver has shown positive movement, rising 1.22% on Friday to 31.17 dollars per troy ounce, up from 30.79 dollars the previous day. Silver prices have surged nearly 31% since the start of the year, benefiting from both safe-haven demand and its industrial applications. However, silver’s relative underperformance compared to gold suggests it may still lag in the broader bull market. While recent gains indicate growing momentum, silver’s slower pace underscores the need for further improvement to confirm its alignment with gold’s trajectory.
Adoption of central bank digital currencies has slowed in recent months, but renewed efforts in countries like China and Australia aim to reinvigorate their development. These initiatives are expected to drive new use cases and foster innovation within the digital currency space.
China has recently upgraded the digital yuan hardware wallet introduced by the People’s Bank of China to enhance its usability for tourists and less tech-savvy residents. This new version incorporates features like QR codes and Near Field Communications technology, improving accessibility and convenience compared to its earlier iteration.
Despite these advancements, CBDCs remain a contentious topic. Critics argue that their centralized nature exposes them to risks of manipulation and overreach. Financial analyst David Morgan emphasizes that physical assets like gold and silver are essential hedges to counteract these potential threats. Their tangible nature makes them immune to the risks of devaluation or erasure by central authorities, unlike digital currencies controlled by central banks.
Gold and silver, whether held in physical form or through innovative options like gold- and silver-backed cryptocurrencies, provide a decentralized alternative. While cryptocurrencies offer another route, Morgan notes they may not be the most viable long-term solution due to their inherent volatility and regulatory uncertainties.
Follow on X: / moneysense_off
"Welcome to our channel dedicated to gold and silver investing! In this video, we provide expert insights and analysis on the latest trends in the gold and silver market. Discover strategies for investing in precious metals, including gold and silver bullion, coins, and jewelry. Stay updated with real-time price updates and market news, and learn how to diversify your portfolio with gold and silver. Whether you're a beginner or an experienced investor, our channel offers valuable tips and guidance to navigate the world of precious metals.
Subscribe now for in-depth analysis, historical data, market forecasts, and more. Join our community of gold and silver enthusiasts and unlock the potential of these timeless assets. #GoldAndSilverInvesting #PreciousMetalsChannel #InvestingTips"
We bring you the latest news, insights, and analysis on gold, silver, and copper. Our videos cover a wide range of topics, including gold price, gold prediction, gold price forecast, silver price, silver price prediction, copper price, market trends, investment strategies, and industry news.
We share interviews from experts like Rick Rule, Peter Schiff, Mike Maloney, Lynette Zang, and many others. Stay up-to-date with the world of finance and make informed decisions with our expert insights. Subscribe now and never miss a video!
#gold #goldpriceprediction #davidmorgan
Информация по комментариям в разработке