$75 Silver Now… But a SUPPLY SHOCK Is Coming | David Morgan

David Morgan says silver is setting up for a potential supply shock despite the recent price drop, arguing that strong physical demand and COMEX delivery activity are not being reflected properly in visible Western inventories. His core call is that if commercial bar delivery ever starts to fail, silver could reprice very quickly, with the headline pointing to a potential move toward $75/oz. He argues that material quantities of physical silver are continuing to flow to Asia while Western investors focus on what he sees as misleading inventory signals. Morgan’s broader point is that fundamentals remain tight because consumption is still running ahead of supply, even if price action has recently softened. He frames this as a disconnect between paper market optics and physical market reality. For traders, the key risk is a stress event in deliverable silver if available metal tightens further or if delivery demands accelerate. That would likely force a sharp repricing and could squeeze shorts, especially if the market starts to question the credibility of exchange inventories. The note is more of a bullish supply-side warning than a near-term catalyst-driven forecast, but it reinforces the view that silver remains vulnerable to an abrupt upside move if physical tightness becomes visible.