Source: Michael Campbell Money Talks | Date: January 24, 2026

Michael Campbell Money Talks: David Morgan on Silver

Key Takeaways

Silver is in an "acceleration phase" where "90% of the move comes in the last 10% of the time"
We're facing a rare "one in 400 years seminal event" that will change everyone's life globally, not just a typical currency change
Silver is more vital to modern society than gold - without it we wouldn't have smartphones, solar panels, or modern technology
For new investors, Morgan recommends 10% precious metals allocation, suggesting mining shares for leverage but physical metal as foundation
Industrial demand is so strong that solar companies are offering above-spot prices for silver directly from miners

Silver target: $100 (nearly reached at time of recording)
Expects either "hyperinflationary blowoff" or "debt liquidating depression" - precious metals will perform in both scenarios
If gold reaches $5,000 while other assets crash 30-50%, gold's purchasing power increases dramatically even at same nominal price
Multiple mining stocks in Morgan's portfolio hitting all-time highs simultaneously

Silver: Primary focus - industrial and monetary demand accelerating
Mining shares: Recommended for leverage, covering senior, mid-tier, and junior producers
Uranium stocks: Mentioned as performing well in portfolio
Kuna Silver: Specific company mentioned receiving above-spot offers from industrial buyers
Alternative stores of value: Paid-for farmland, fine art mentioned as inflation hedges

"It's actually the ultimate savings account. When all else fails, there's gold. When all else fails, there's silver."
"This is like one of those one in 400 years seminal events that's worldwide and changes for all practical purposes everyone on the planet's life. That's what we're facing."

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