Physical Silver Shifted from COMEX to BRICS: JP Morgan Predicts Price Surge to $81

GasGasGasBro · 2026-02-27T21:17:08+00:00

BRICS countries are shifting significant volumes of physical silver from COMEX, causing global market pressures due to asset diversification and reduced dollar dependence. JP Morgan anticipates a substantial silver price increase by 2026, driven by strong fundamentals and ongoing demand.

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2026-02-27 21:17:08

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BRICS countries continue to shift significant volumes of physical silver from COMEX warehouses, creating a new wave of pressure in the global futures markets. This phenomenon is driven by asset diversification strategies and efforts to reduce dependence on dollar-denominated financial instruments, alongside the accumulation of precious metals by central banks and institutional investors in Asia.

Massive Silver Outflows and Market Tensions

Silver withdrawals from COMEX are creating substantial inventory tensions, with the price gap between the New York futures market and the Shanghai spot market continuing to widen. This situation reflects an imbalance in global supply, where physical withdrawals from COMEX vaults indicate a strategic shift from futures markets toward real asset accumulation. Market observers note that the demand for physical delivery in the future could further pressure COMEX stock stability.

JP Morgan’s Strategy: Physical Accumulation and Price Revaluation Anticipation

JP Morgan is gradually increasing its holdings of physical silver, expecting significant price adjustments. According to NS3.AI analysis, this movement is not coincidental but part of a long-term strategy based on projections that silver will undergo a substantial revaluation. The trend of accumulation has been accelerated by declining refined silver supply in the market, creating conditions that support a bullish thesis from major investment institutions.

Price Projections for 2026 and Worrying Market Signals

JP Morgan projects that the average silver price will reach $81 per ounce by 2026, representing an increase of over 100% compared to the previous year’s levels. This ambitious forecast is supported by tight market fundamentals and ongoing physical demand flows. As silver transfer volumes from COMEX continue to rise, market dynamics are moving toward a scenario of deeper supply tensions, prompting investors to consider hedging strategies and diversification of their precious metals portfolios.

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