Silver Demand Destruction? Don't Panic. I'm Still Buying | David Morgan

David Morgan argues that headlines about silver demand destruction from solar-panel substitution are overstated, saying the move from silver to copper in photovoltaics will be slower and less complete than the market fears. His core message is that silver demand should remain resilient despite substitution risk, and he remains constructive on the metal. He frames the issue as one of timing and practicality: copper adoption in solar is not an overnight switch, and the broader industrial picture also includes robotics and other emerging uses that may offset some substitution pressure. Morgan also broadens the bullish case by pointing to ongoing monetary demand, central bank gold buying, and heightened uncertainty in the global financial system. Near term, the takeaway is supportive for silver sentiment, especially if investors have been leaning too hard into the bearish substitution narrative. The interview is light on hard numbers, so it is more of a positioning/conviction piece than a trade trigger, but it reinforces the idea that industrial demand concerns may be overstated versus the longer-term demand base for precious metals.