Silver XAG/USD The Institutional Checkmate - JPMorgan pulling out of its vaults

[Igor Pereira]

For those who still had doubts about the power of the "Physical Flux" against the "Papel", today (17 December 2025) is the ultimate proof. Silver (XAG/USD) reached maximum levels of $66.50 in the session, confirming the scenario of Short Squeeze institutional that we anticipate at ExpertFX School's Premium Insights;

Below, detail Why It happened and, more importantly, Where we're going now.

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The Institutional Checkmate: Why the Silver Exploded?

It wasn't luck. It was a cold reading of the market infrastructure that was collapsing before our eyes. Three critical factors have aligned in the last 24 hours:

1. The Safe Drain (Validated): Our analysis of the withdrawal of 7.7 million ounces Category Registered Comex was the trigger. The market realized that the physical supply available for immediate delivery was dangerously low. When future contracts won, there wasn't enough metal to cover the shorts at low prices, forcing a violent buyback.

2. JPMorgan and ETF SLV: The movement I warned you about JPMorgan drawing silver from his safe in New York (to cover holes in London/LBMA) proved that stress is systemic. The system is in physical deficit. The paper market tried to hold the price, but the industrial and sovereign demand (China) broke the resistance.

3. The China Factor (The Whale): Reports indicate a massive and coordinated purchase from the East, described by some analysts as a "Short Squeeze Perfectly Organized". China is not only buying; it is draining the liquidity from Western markets (COMEX/LME) to its own strategic and industrial reserves (solar panels/IA).

Level of $65.00 It's no longer a roof and must now act as a psychological and technical support.

• Next Major Target: With the path clear above $65, the immediate technical projection points to the region of $70.00.

• Attention to Volatility: It is normal to see quick corrections of profit (profit-taking), bringing the price momentarily to $64.80 or $63.50. Don't panic. In a physical shortage market, these falls are seen by institutions as "discounted liquidity" to buy more.

• Do not operate against (Short): Trying to sell top now is dangerous. The market is in backwardation (the physical price in sight is expensive and scarce). Standing in front of this train is asking you to get hit by a car.

Summary: The target has been hit, the profit is in the pocket, but the macroeconomic trend of Silver scarcity is just beginning. Stay focused and keep an eye out for the next updates;