Biggest Correction Ever? Silver's Violent Smashdown, and Why the Bull Survives

Panic hit the metals pit as silver suffered what David Morgan calls the most violent correction in its history—a 30% waterfall collapse after ripping past $120. The leveraged crowd was obliterated. Paper traders briefly seized control, slamming futures while physical demand overwhelmed bullion dealers scrambling for supply.

Morgan, a veteran of multiple cycles, says his subscribers sold into strength at $107 as spot unraveled. But he argues the rout is temporary. With silver now labeled a critical mineral and Washington potentially forced to backstop supply, he draws parallels to 1980’s Silver Thursday. The physical market, he insists, will reclaim dominance.

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