[Market Alert] How to Protect Your Portfolio During a Crash Without Selling (Case Study: Silver)

Based on the video analysis from Sunday, February 1st, 2026

If you checked your screens in the last 48 hours, you saw red. A lot of red.

Silver dropped 40% (from the top) in a single session, and Bitcoin broke a critical support level.

Unfortunately, I ran out of time and was not able to record the video analysis in English this weekend. That is why I am providing you with a detailed summary in this article, featuring the key charts I used.

Note: If you prefer video, you can watch the French version on my YouTube channel using the auto-generated English subtitles or the English auto-dubbed audio track. 👇

https://www.youtube.com/watch?v=f2REy2WbDZI

Here is the breakdown of the situation and the strategy I used to stay green.

1. Silver & Gold: The "Rug Pull"

The massive drop we saw on Silver is a classic leverage cleanup. While painful (-40% swing), the fundamentals haven't changed overnight.

For Gold, the technical damage is less severe than for Silver. Price bounced right above a major trendline, preserving the core of its bullish structure for now. However, emotional contagion remains a short-term risk.

My take: This type of crash often precedes a cleaner rally, but we are not out of the woods yet. Be extremely careful of a "Bull Trap" at the weekly open—a fake rebound often followed by a final flush to capitulate the last holders.

2. Bitcoin : The Liquidity Grab

We broke the $81k "lifeline" support. When a level like this breaks, price tends to seek the next major pool of liquidity.

My next target for a potential bottom is around the $70k zone.

3. The Real Danger: S&P 500

This is my main concern for the coming weeks. If liquidity is aggressively leaving metals and crypto, the stock market (SPY) is often the next domino to fall.

It hasn't crashed yet, which makes it the most dangerous place to be unprotected right now.

4. How I Finished the Day GREEN (Without Selling)

Despite the crash, my portfolio ended the day positive. Not because I'm a magician, but because I had "Portfolio Insurance" (Put Options) in place.

Most people think you only have two options: panic sell or "hold and pray." There is a third option: Hedging.

By holding Put Options, you own a contract that gains value when the market loses value. As you can see in the visual below (right side), the profit from the insurance offsets the drop in the asset price, keeping your net worth stable (or even positive). Here it actually more than offset the losses on Silver due to the panic (i.e. people ready to buy insurance at a massive premium).

Want to learn how to do this?

If this volatility kept you awake at night, it’s a signal that you are under-insured.

I created a specific, straight-to-the-point course on how to buy Put Options to protect your portfolio. It takes about 2 hours to watch, and it’s the exact strategy I used to stay green yesterday.

It comes with a 15-day money-back guarantee, so you can learn the strategy risk-free.

👉 Link to Options Course

Stay safe, and don't let emotions dictate your trades.

Hope this helped!

Nico de Bony