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Less silver exists in U.S. vaults than at any point in modern history and one of the world’s largest banks just got caught misreporting its risk. The European Central Bank revealed years of understated derivative exposure at J.P. Morgan SE, coinciding with the most violent silver crash in decades. This video breaks down: The €12.18M ECB penalty and its market implications How J.P. Morgan’s risk misreporting amplified leverage in silver Why the January 2026 crash wiped billions from retail investors The massive structural deficits driving silver higher All claims are backed by official filings, warehouse data, and market records. Watch to understand how regulatory cracks, industrial demand, and market mechanics are shaping silver’s next chapter. References: 1. ECB Sanctions J.P. Morgan for Misreporting Capital Requirements — Banking Supervision, Feb. 19, 2026: https://www.bankingsupervision.europa... 2. Silver Futures Historical Data — Investing.com: https://www.investing.com/commodities... 3. COMEX Silver Inventories Fall Below 100 Million Ounce Threshold — CoinWeek: https://coinweek.com/comex-silver-inv... 4. J.P. Morgan Fined Millions by European Central Bank — Sharecafe, Feb. 20, 2026: https://www.sharecafe.com.au/2026/02/... 5. Silver in 2026: Rising Prices, Solar Substitution, and a Market Still in Deficit — CarbonCredits: https://carboncredits.com/silver-in-2... 6. How Nvidia and AI Are Driving Demand for Silver Higher — Motley Fool, Feb. 17, 2026: https://www.fool.com/investing/2026/0... 7. Silver: How Structural Deficits Are Setting Up a Once-in-a-Generation Move — Investing.com: https://www.investing.com/analysis/si... 8. Silver Will Average $81/oz in 2026 After 130% Surge — Kitco News, Feb. 11, 2026: https://www.kitco.com/news/article/20...