Executive Summary ā Interview with David Morgan on CapitalCosm
0:00 ā Silver Breakout and the āMorgan Ruleā
Danny opens by highlighting silverās sharp rally to around $89 and a breakout from a falling wedge pattern. David Morgan explains that while technical indicators are useful, he now prefers simple horizontal support and resistance analysis after decades in the market.
Morgan introduces his āMorgan Ruleā:
Silver must close above the breakout level (~$90) for three consecutive days
The closes must occur on average or above-average volume
If that happens, he assigns an 80% probability that a major breakout is underway.
He emphasizes that silverās move from roughly $70 to $90 in only several trading sessions demonstrates the metalās explosive nature and ability to force short sellers out of positions.










