Silver guru David Morgan debunks the COMEX default narrative, reveals why wholesale dealers are flooded with metal and why that is actually bullish, and names the one bond market signal that says the monetary reset is getting close.

David Morgan – publisher of The Morgan Report and author of The Silver Manifesto – breaks down the structural divide in the silver market right now.

Wholesale retail dealers are sitting on excess supply while commercial bars remain tight.

The COMEX default story that has circulated for a decade has never materialized, and the objective inventory data from 2022 through 2025 proves it.

Meanwhile, what silver did at $50 – stalling for seven trading days before exploding to $120 – is the exact same psychological setup investors should expect at $100.