How is silver really priced, and who actually sets the price?
In this full-length interview, David Morgan breaks down the global silver pricing system, explaining the distinct roles of COMEX, LBMA, and SHFE in today’s silver market.
We discuss how silver futures, paper markets, clearing mechanisms, and physical delivery interact — and why bullion banks, hedging, and market structure matter more than most investors realize. This conversation cuts through common misconceptions around silver price discovery and explains how the silver market actually functions.
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