Money Metals' Weekly Market Wrap Podcast · Money Metals Exchange

Gold & Silver Extremely Volatile as Bullish Gold Calls Continue

·35 min·3 clips

David Morgan admits the gold and silver charts look parabolic and "probably in a bubble" to a casual observer.

Silver takes the hit first. Mike Gleason starts with a market wrap around a hard move in silver, from $100 to $120 and back toward $100 before it drops under $90. Gold gets knocked around too, breaking $5,000, running near $5,600, then falling back below $5,000. The setup brings in David Morgan, the silver guru, to make sense of the recent explosive action. Morgan does not treat this as a clean little price story. He talks about conscious capitalism in plain terms: teaching people how he invests can help him while also helping them. That tension sits under the interview. The episode is about price targets, sure, but it spends more time on portfolio structure, stop losses, and what investors do when the tape turns mean. Mike Meharry pulls the conversation back to the numbers. He says silver briefly moved over $121, while gold fell more than $300 and silver dropped toward $111 before recovering. Morgan starts with buying pressure and selling pressure, then quickly gets into market mechanics. He points to algorithms. In his version, quants and trading desks see selling momentum and can lean into it with large orders. The short side gives the story its bite. Morgan sketches a trader short silver around $80, suddenly watching the market press toward $120. Those final dollars become the fight. If an algorithm catches the turn near $121 or $122 and pushes the move back toward the $110 area, the short can cover into the chaos. The mood stays serious, but the language is direct. Underneath it all is the familiar Money Metals question: how paper-derivatives trading pushes against real pressure in the physical precious-metals market.

As heard by us

A focused weekly metals check-in that turns volatility into a readable market story.

Gold and silver sit at the center of this episode, which uses a sharp week in the metals market to open up a plainspoken look at trading desks, algorithms, and the split between paper trading and physical markets.

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Want a straight read on a truly wild week for gold and silver, not hype?

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