Silver Price Analysis & Prediction by JP Morgan, COMEX’s Biggest Player!

Jakarta, Pintu News – Silver prices (Silver/XAGUSD) remained the focus of investors’ and traders’ attention on February 13, 2026 after JP Morgan, as one of the largest players in the COMEX market, provided a strategic outlook on the metal.

Silver, which plays an important role in the industrial sector and is a safe haven commodity, has shown mixed price dynamics recently, with movements influenced by volatility trends, global macroeconomic data, and market risk sentiment. The following summarizes technical analysis, fundamentals, and price movement predictions.

1. JP Morgan’s View on Silver

In its latest client note, JP Morgan discusses the outlook for the silver market, highlighting the metal’s role as a widely used commodity in industry, particularly in the energy and technology sectors. As one of the largest participants in the COMEX-the US precious metals futures exchange-JP Morgan’s views reflect important sentiment in the global silver contract market. The bank expects price trends to continue to be influenced by industrial demand while remaining vulnerable to sharp market fluctuations.

The view emphasizes that while silver has its own demand fundamentals, market dynamics often reflect broader market psychology, including the positioning of large players and the liquidity of futures contracts. This framework helps traders understand the context in which XAGUSD movements occur in the short to medium term.

Also Read: Tokenized Commodities Surpass $6 Billion: What Does It Mean for Crypto Markets?

2. Price Volatility: Recent Corrections & Rebounds

Silver prices have experienced significant volatility in recent weeks, including a sharp correction below the USD80 per ounce level after an earlier rally, followed by a partial rebound in prices towards the USD89-USD90 area. These movements do not necessarily reflect fundamental changes in physical demand, but are more often generated by market mechanisms, including the liquidation of leveraged positions and margin changes on the COMEX exchange.

This volatile price corridor shows that silver remains vulnerable to sudden selling and buying pressure, especially when the US dollar strengthens or macro data misses expectations. It also shows that short-term movements are heavily influenced by market sentiment and are not easily predictable based solely on technical trends.

3. Today’s XAGUSD Movement Prediction Scenario

Bullish Scenario:
If macro data starts to show a slowdown in the global economy or US data publications disappoint market expectations, silver could gain new bullish momentum. The next upside target could be breaking technical resistance in the USD90-USD95 per ounce area, reinforcing the short-term rebound trend.

Bearish Scenario:
Conversely, if the US dollar strengthens or stock indices show strong performance, silver is likely to push back against the support in the USD80-USD85 area, especially if the selling pressure is triggered by a broader leveraged unwind. Such moves tend to be triggered by the liquidation of speculative positions as margins increase on the COMEX.

4. Supporting Macro & Fundamental Factors

Industrial demand is a key medium-term factor supporting the silver market, particularly from the growing solar energy, electronics and electric vehicle sectors. This demand provides a relatively strong fundamental base, in contrast to some other precious metals that are more influenced by their safe haven function.

However, macroeconomic data, including interest rates and the strength of the US dollar, remain the biggest catalysts for silver’s current direction. Such factors may change investors’ capital allocation preferences between risky assets and safe haven commodities such as silver.

5. Strategies & Advice for Investors

Short-term investors are advised to monitor important support and resistance levels and pay attention to major economic data releases that may trigger high volatility. Risk management such as the use of stop-losses and position sizing according to risk tolerance is highly recommended, given that silver often exhibits rapid and unpredictable price movements in the short term.

Medium-term investors may consider industry demand fundamentals in their strategies, while evaluating the global macro impact on commodity positioning. Understanding the positioning of major players on the COMEX also helps provide additional context to the white metal’s price movements.

Also Read: 7 Reasons Silver Demand Remains Strong in 2026: Market Deficit & Investment Rising

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Tokenized Silver ETF (SLVon) as an Alternative Commodity Asset in the Crypto Ecosystem

The tokenized Silver ETF (SLVon) is a digital token issued by Ondo Global Markets and designed to follow the price movements of the iShares Silver Trust (SLV), the world’s largest silver ETF managed by BlackRock.

Each SLVon has the equivalent value of an SLV share (1:1), so its price moves up and down according to the global silver price in troy ounces. Through SLVon, investors can gain exposure to the silver market on-chain in the form of an easily accessible digital asset.

*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities are subject to high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying and selling Bitcoin and other crypto asset investments are the responsibility of the reader.

Reference

• XTB. Silver: What does JP Morgan, the largest player on COMEX, think about the metal? Accessed February 13, 2026.