The Morgan Report, Kitco Silver
The ongoing debate in the industry is whether or not there is a surplus or a deficit of silver supply. However, to silver expert David Morgan of The Morgan Report, there hasnt been a deficit in at least a decade. In the past, we were in a deficit, from 1990 to 2006. From 2006 until now, weve been in a surplus, he told Kitco News at the Silver & Gold Summit in San Francisco. We are not and have not been in a silver deficit for the last 10 years. However, Morgan remains optimistic that silver prices can move higher. We have a good base here, were at the launch point in next 3-6 months, he said. 2018 is going to be a good year for silver.