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Podcast: ITM Trading Podcast
Episode: Silver Price Explodes: Breakout or Fake-Out? David Morgan Calls It
Description: “If I had to name the number one driver, I’d say it’s the bond market finally reflecting reality,” says David Morgan, publisher of The Morgan Report. He tells Daniela Cambone that even though the silver price has reached a high, the Morgan Rule—a methodology he created to indicate breakouts—requires the price to stay above the breakout point for three consecutive days on above-average volumes to confirm a real breakout. “Since today is day one, I’m staying calm and waiting two more days.”Morgan also states that the bond market’s return to “reality” is the most important facto...