Silver supplies will be depleted and industrial demand will “suck up all the silver that’s available,” over the next ten years, causing silver prices to rise, and making it the best investment in decades, according to David Morgan, Founder and Author of The Morgan Report.
“The [U.S. Geological Survey] said that silver would be the first element on the periodic table that would be in such short supply, and that was a few years back,” he said. “Just the industrial side alone is probably going to take all the silver available at some point in time.” Morgan stated that rising energy costs would limit silver mining as the world’s oil reserves are depleted.
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Tell David he’ll be able to pick the metal up around $16/oz