December 27th, 2025 — JP Morgan Chase filed emergency SEC Form 8-K disclosure late Friday night revealing $4.875 billion unrealized loss on silver derivative positions following extraordinary precious metals volatility during December 22-27 week when silver spiked 10.21% to $79.25 in single trading session. The regulatory filing states: "Due to extraordinary volatility in precious metals markets during the week of December 22nd through December 27th, 2025, the company has recognized a $4.875 billion unrealized loss on commodity derivative positions, primarily concentrated in silver futures contracts and over-the-counter swap agreements. Management is evaluating strategic options to mitigate further exposure and is in active discussions with the Federal Reserve Bank of New York regarding emergency liquidity support measures to ensure the bank's continued ability to meet margin requirements and maintain orderly market operations."