The price of silver will strengthen from 2021, with a target price of $40.

The Morgan report's David Morgan says the economy will not recover quickly in 2021, causing investors to flock to safe havens.

Morgan doesn't think the economy will see much recovery. He thinks a lot of people are looking for safe havens. He points out that some industries that need silver will not disappear anytime soon.

Morgan said that regardless of the state of the economy, the demand for silver in industry will be equal to or greater than in previous years. With regard to the industrial application of silver, some things are irreplaceable.

Silver has regained its safe haven status, which will cause it to outperform other metals in 2021, Morgan said. His target for the price of silver in 2021 is $40 an ounce.