jpmorgan

Silence should not be mistaken for weakness.
It is transfer.
Ownership is moving — from reactive hands to structural capital.
I. Market Context: The Silence Before Expansion
As of February 19, 2026:
Silver: $78.30
Gold: $5,333
Online discourse has cooled. Retail participation has faded. Volatility has compressed.
This is not market death.
It is loading.
Historically, the most powerful advances begin during periods of reduced noise — when weak hands exit and institutions accumulate size without premium distortion.
Price is stable.
Volume is controlled.
Sentiment is muted.
That is not exhaustion.
That is positioning.
II. Silver’s Technical Structure: Inverse Head and Shoulders
Silver $XAG is forming a classical reversal structure — not speculative, but structural.

Left Shoulder
January 30, 2026
Price collapsed from $121.79 to $74.
Volume: 317,240 contracts.
This was forced liquidation.
Paper pressure.

Head
February 6, 2026
Price printed $63.90 intraday — then reversed sharply to $76.90 within the same session.
That reversal was not technical noise.
It signaled physical absorption.
Paper selling was met with real demand.

Right Shoulder
February 12, 2026
Low formed at $74.37 — higher than the left shoulder.
Sellers failed to create a new low.
Exhaustion is visible.
Volume Compression
Peak volume: 317,000 contracts.
Recent sessions: ~28,000 contracts.
Less than 9% of peak.
Selling pressure no longer has force.
The market is no longer responding to aggressive paper supply.
III. Five Confirmation Signals the Accumulation Phase Is Near Completion
1. Retail Normalization – APMEX
APMEX CEO confirms shipping times and customer service have returned to normal.
Translation:
Panic buyers have exited.
When retail frenzy disappears, institutions accumulate quietly — without pushing premiums to unsustainable levels.
Calm retail conditions often precede institutional expansion.

2. Institutional Price Targets Are Moving Higher
Goldman Sachs:
Gold $XAU $5,400 by end of 2026 — with “significant upside risk.”
JP Morgan:
Base case: $6,300
Bull scenario: $8,000–8,500
These are not speculative blogs.
They are allocation signals.

3. Mainstream Media as a Contrarian Indicator
Recent negative coverage from major outlets and Bank of America.
Historical precedent:
September 2022 — at $1,600 gold was declared “no longer a safe haven.”
From that level, gold advanced 213%.
Media skepticism often appears near structural inflection points.

4. Tether’s Gold Position and COMEX Inventory Stress
Tether now holds 148 tons of gold (~$23.8B).
An entity representing dollar liquidity is diversifying into hard assets.
That is not cosmetic.
It is balance-sheet signaling.
Meanwhile:
COMEX registered silver inventory has declined ~75% since 2020.
In December, 57% of inventory was withdrawn in just four trading days.
Physical tightness is not theoretical.
It is measurable.

5. Scotia Bank and Central Bank Flows
Scotia Bank:
“The bull cycle is not over.”
Central banks have purchased over 1,000 tons of gold annually for four consecutive years.
If global portfolio allocation to gold increases by just 0.5%, price models suggest $6,000 becomes mathematically consistent.
This is not retail enthusiasm.
This is sovereign allocation.
IV. Key Silver $XAG Levels to Monitor
$63.90
The strongest physical floor.
$74.37
Right shoulder low.
If this holds, the bullish structure remains intact.
$84–$88
Neckline zone.
A high-volume break above this range transitions silver into a new price regime.

Conclusion
We are likely in the final phase of accumulation.
Paper pressure has lost dominance over physical demand.
When that dynamic flips, price does not rise gradually.
It gaps.
Vertically.
The opportunity window during accumulation is quiet.
The expansion phase is not.
For now:
The structure favors holders of physical metal.
The signal is not noise-driven.
It is balance-sheet driven.
And balance sheets move markets.

🔔 Insight. Signal. Alpha.

Hit follow if you don’t want to miss the next move!
*This is personal insight, not financial advice.
#GOLD #Silver #JPMorgan

#Crypto des dirigeants, y compris #Binance le co-fondateur Changpeng Zhao, avertissent que la transparence radicale des #blockchains dissuade l'adoption massive des cryptomonnaies. Des dirigeants institutionnels de sociétés telles que #AbraxasCapital , #JPMorgan et #B2C2 affirment que les grandes transactions nécessitent de la confidentialité afin que seules les parties autorisées puissent voir qui se cache derrière les transactions, même si l'activité reste vérifiable. Une récente émission de papier commercial de 50 millions de dollars sur $SOL par JPMorgan et #GalaxyDigital a mis en avant la promesse de la dette tokenisée, mais a également souligné que les institutions ne déplaceront pas d'actifs sur la chaîne à grande échelle tant que la confidentialité et la certitude d'exécution ne s'améliorent pas.

J'ai lu à propos de JPMorgan hier et j'ai en fait fait une pause. Pas un autre tweet sur "l'exploration de la blockchain." Pas de programme pilote pour 2027. En ce moment, leurs clients institutionnels peuvent mettre en gage du Bitcoin ou de l'Ethereum comme garantie de prêt. Les actifs sont conservés par des dépositaires vérifiés, la banque applique des marges strictes et un suivi des prix en temps réel—tout comme avec des actions.
Il ne s'agit pas de "la légalisation de la crypto." Il s'agit d'une banque systématiquement importante qui ne voit plus le BTC comme des déchets spéculatifs—mais comme une garantie légitime. Point final.

À la mi-février 2026, le Bitcoin [BTC] est entré dans une phase hautement instable, avec de fortes fluctuations de prix et des signaux mitigés du marché.
Bien que le Bitcoin se soit redressé à environ 70 318 $, gagnant 2,23 % en un jour, il est toujours en baisse de 26 % au cours du mois dernier, montrant à quel point la récente chute a été sévère.
Cette chute a poussé l'indice de peur et de cupidité des cryptomonnaies à 13, un niveau appelé "Peur Extrême", qui reflète une forte panique parmi les investisseurs.
Malgré cette peur, le Bitcoin domine toujours le marché des cryptomonnaies, détenant près de 59 % de la valeur totale du marché.