Don't Panic When Silver Crashes | David Morgan
The Deep Dive Jul 1, 2026
Summary
David Morgan says the current silver crash mirrors the 1979-1980 parabolic top, which collapsed from 50 to roughly 10 in two months.
The speaker warns silver ran from about 70 in January to 120, then was cut in half, repeating that historic pattern.
He argues investors do not need to be all in on the metals to hold a useful position.
The metals primarily act as wealth preservation, guiding investors through inflation, deflation, and stagflation alike.
David Morgan's takeaways
- Top takeaway Argues the silver crash under discussion mirrors the 1979-1980 parabolic top: a January run from about $70 to $120 on the 28th, then a fall to the $50 handle — roughly cut in half.
- Points to the 1979-1980 episode as the template: silver rose from about $15 to $50 in roughly six weeks, then dropped from $50 to about $10 in two months, with Silver Thursday hitting three months after the January 21 high.
- Advises that investors do not need to be all-in on the metals — a position held through inflation, deflation and stagflation works because metals primarily serve as wealth preservation.