As precious metals wrap up a lukewarm year, what's the outlook for silver and gold in 2023?
David Morgan, publisher of the Morgan Report, said he expects next year to be good for silver, but not great. He sees the white metal getting above the elusive US$30 per ounce mark, but pointed out that it could face obstacles.
When it comes to gold, Morgan spoke about central banks, which he said want to transition to a new digital financial system, but at the same time have not held such high amounts of gold in their vaults since 1975.
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0:00 - Intro 0:28 - Decision point coming for investors 2:20 - Central banks prepping for new digital system 7:43 - "I still ... believe that the metals will make a run" 13:10 - Silver demand far outpacing supply 17:15 - David's silver price outlook for 2023 24:30 - We're in a recession, depression is next 27:23 - Best 2023 advice, silver misconceptions 33:35 - Outro
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