JPMorgan Chase's recent actions resemble an old general opening the city gates to flee in the middle of the night after guarding the city for 50 years.

Outside, people are still asking what happened, while it has already boarded a flight to Singapore, conveniently locking the granary in the city.

Rumor has it that they changed 169 million ounces of silver from 'deliverable' to 'non-deliverable'—this move is like:

'Brothers, I’ll take the chips off the table first, you can continue playing, I’m out.'

10% of the global silver supply was 'locked up' with just one sentence, leaving Wall Street traders stunned.

On the other hand, the Singapore vault just expanded to 15,500 tons—it's as if JPMorgan Chase had booked the presidential suite in advance:

Build high walls in the east and let the water flow in the west, no need to guess where the money will go.

Over in the London vault, things are also grim; gold deliveries have been delayed from a few days to a few weeks, and silver leasing rates have soared to 30%,

the whole feeling is like: banks are still stubbornly claiming 'ample inventory,' but their pants are about to fall off.

JPMorgan Chase is the kind of top player that runs first at the slightest sign of trouble.

It knows:

The myth built on paper gold and paper silver for 50 years is about to collapse.

After all, gold can still be stored, silver is an 'industrial consumable' needed for photovoltaics, electric vehicles, and chips,

you can’t keep printing contracts to fool people, but the physical supply gets scarcer every year.

After five consecutive years of deficits, the game will eventually blow up.

So JPMorgan Chase took a very simple action in advance:

: Take away all the silver that can be taken.

: Move all the funds to the new vault in the east.

: Then wait for the next round of pricing power reset.

When the empire on paper collapses, those left at the table have to pull out real silver to fill the holes.

And JPMorgan Chase?

It has already eaten the meat it can consume.