J P M O R G A N Global Markets Strategy 18 December 2025 Metals Weekly Silver bells are ringing Global Commodities Research Gregory C. Shearer (44-20) 7134-8161 gregory.c.shearer@jpmorgan.com J.P. Morgan Securities plc Jason Hunter (1-212) 270-0034 jason.x.hunter@jpmorgan.com J.P. Morgan Securities LLC Ali A. Ibrahim (44-20) 3493-6438 ali.ibrahim@jpmorgan.com J.P. Morgan Securities plc Ananyashree Gupta (91-22) 6157 3627 ananyashree.gupta@jpmchase.com J.P. Morgan India Private Limited See page 11 for analys ...