The Great Flip:

Why Silver Is Set to Outshine Gold in a Fracturing Financial Order.

When historians look back on this period, they may label 2025 as the year the tide turned—the moment the old monetary order began its final unraveling.
 

Gold just broke through $3,500 an ounce, a record high that’s less about enthusiasm and more about exodus. Wealth is fleeing the debt-based system, as central banks, sovereign investors, and institutions quietly prepare for a post-dollar, post-bond, post-confidence world. But as stunning as this gold rally is, the bigger story—the truly explosive upside—is still in silver. And the world is just beginning to wake up to that fact.
 

Silver Miners: The Most Undervalued Sector in the Market

Despite silver climbing steadily toward $30, most primary silver producers are still trading at valuations last seen when silver was under $20. This disconnect is astonishing. Investors have flooded into gold ETFs and bullion, but the silver equity sector, especially the pure-play miners—remains deeply overlooked.
 

Why? Because Wall Street still doesn’t understand silver’s dual identity.
 

Silver is money, yes—but it’s also technology. And demand is coming from both ends like never before. Take a look at the balance sheets of silver miners like MAG Silver, Aya Gold & Silver, and Gatos Silver. Even after recent price gains, they are trading at fractions of the multiples seen in gold peers. Institutional money hasn’t arrived yet—but when it does, we’ll see explosive re-ratings.
 

At the root of this awakening is the historic selloff in U.S. Treasury bonds. Foreign central banks are dumping Treasuries. Yields are rising. And the debt markets—long the ”safe haven” of the global financial system—are no longer safe.
 

The world has realized what few dared to admit: the U.S. cannot mathematically pay off its debt, not with taxation, not with growth, not even with inflation.This realization is beginning to undermine confidence in fiat itself. As yields rise, the very value of the dollar is under pressure. Ironically, a “strong” dollar today is just a measure of the weakness of everything else—it’s a contest of the least ugly currencies.
 

Now Donald Trump, eyeing another term, is doubling down on tariffs. His aim? Bring jobs home, punish China, and weaken the dollar to boost U.S. Exports. But tariffs are a double-edged sword. They raise input costs, suppress global trade, and—crucially—accelerate de-dollarization. China, Russia, the BRICS+ bloc, and even U.S. allies are increasingly seeking alternatives to the dollar settlement system.
 

Tariffs may create a short-term bump for domestic industry, but they push foreign capital away from U.S. bonds—and into hard assets. Including precious metals. Meanwhile, China’s manufacturing engine is sputtering. April’s PMI fell to a contractionary 49.0, with export orders at their lowest since the global financial crisis. This is not just a cyclical slowdown—it’s structural. Overcapacity, high debt loads, and shrinking Western demand (exacerbated by tariffs) have left Beijing scrambling to reboot growth.
 

But here’s the paradox: even as China slows, it is hoarding gold and ramping up strategic reserves in energy, food, and metals. It knows the current financial order is unsustainable. And it’s preparing for what comes next. Gold’s breakout past $3,500/oz has rattled mainstream economists who once scoffed at metals as “barbarous relics.” But this rally is not speculative, it is defensive. As confidence in fiat erodes, central banks are accumulating gold at the fastest pace in modern history. BRICS+ nations want a non-dollar, non-SWIFT-based settlement system. Gold is their chosen anchor.

Still, gold’s upside from here is likely to be more measured. The real asymmetry now lies in silver.
 

Silver: $50 Is a Floor, Not a Ceiling

Silver’s 2011 high of $49.80 is still in play—and this time, it will be shattered. Why? Because the forces driving silver today are both monetary and industrial. On the monetary side, silver is historically cheap compared to gold—the gold-to-silver ratio has been as high at 100:1, far above the historical average of 40–50:1.On the industrial side, we are entering a demand Supercycle, especially with the rise of solid-state battery technology.
 

Solid-state batteries are the holy grail of energy storage: more power, faster charging, and no fire risk. Toyota, BYD, and Samsung are racing to commercialize them by 2027–2028. Here’s what most analysts miss: solid-state batteries require significantly more silver than today’s lithium-ion designs.We’re talking about a 2x to 3x increase in per-unit silver content. As EV adoption scales into the tens of millions, silver demand from batteries alone could pressure global mine supply.
 

And that’s before factoring in solar panels, 5G, military tech, water purification, and the continued march of electrification.
 

The COMEX Illusion and the Move to Physical

At the same time, faith in the COMEX is waning. More investors are asking: does the paper silver market reflect real supply and demand—or is it just a control mechanism?
 

Premiums on physical silver remain elevated, and delivery demands are growing. The cracks in the façade are widening. We may be heading toward a “failed delivery” moment—where the futures market breaks from the physical. When that happens, silver will gap up—fast.
 

Governments around the world are pushing Central Bank Digital Currencies (CBDCs)—a surveillance coin masquerading as innovation. But silver offers something digital currencies cannot: anonymity, finality, and sovereignty. Stablecoins may track fiat. CBDCs may enforce programmable money. But neither can compete with a silver coin in your hand, immune to hacking, freezing, or inflation.
 

That’s why physical silver—not ETFs, not digital tokens—is where serious capital is quietly flowing. Behind the scenes, wealthy family offices and forward-looking hedge funds are reallocating into tangible assets. Real estate, farmland, energy—and increasingly precious metals. Gold is the first stop. Silver is the second. And those who wait too long will find themselves buying silver at $75, $100, or more—after the window has closed.
 

Finally, we must ask: what will replace the current system? Many believe we are heading toward a Bretton-Woods 2.0—a new international settlement regime backed by commodities or multi-currency baskets. Most in the gold community think some type of tie to gold is inevitable. This is contrary to the facts. Currently the BIS has made is crystal clear that a CBDC that is backed by nothing more than the power of government is THE PLAN.
 

However, Central Banks have been buying gold at a rapid pace the past two years and this continues. It is my contention that the banking elite will do their best to implement a system without any tie to assets and if this rollout fails, the banks will quickly insert some type of “gold clause” to make the new system appear stable.
 

Thus, whether it’s BRICS gold tokens, blockchain-based SDRs, or bilateral trade pacts, the one constant will be this: fiat as we know it is dying. Be prepared for a cashless society, where every transaction is traced, taxed, and tracked. Your carbon footprint will be logged and potentially will dictate what you can and cannot do based upon your consumption habits.
 

Silver and gold won’t just be investments. They’ll be anchors. Reserves. Tools of sovereignty in a world searching for stability. In fact silver might just be your only way to preserve some freedom of economic choice in a world where big brother is watching you at all times.
 

The Quiet Before the Superstorm

We are living through a controlled demolition of the global financial system. From exploding debt to failing trust, from paper illusions to physical reality—this is the great financial flip. Gold is rising. Silver is stirring. But most investors are still asleep. That won’t last. In the last big banking “crisis” I received three consultations in one week. Each one was similar, the theme being that all were familiar with my work and had multiple millions in the bank, either personally or for business reasons. They wanted to purchase gold (silver too in some cases) and did not want to make a mistake. I accomplished this for them and did it with a lower premium than they could have received almost anywhere else.
 

Now is the time to accumulate real assets. Focus on undervalued miners, hold physical metals, and sidestep the traps of paper promises. Remember, all new members receive up to an hour one-on-one call with me to maximize their wealth preservation. See my website for details: TheMorganReport.com.
 

The next chapter is being written—and silver will be the ink.   EG