Multimodal representation learning seeks shared representations for cross-modal retrieval and knowledge transfer. Hub-based binding reduces pairwise supervision costs, but separate hub connections cannot guarantee reliable alignment between modalities without direct joint training. We introduce Hub-Spectral Activation (HSA), a closed-form method for recovering and activating the hub-readable component of latent multimodal knowledge in frozen representations. We formalize this knowledge as source-induced cross-modal dependence and characterize the component determined by the second-order statistics of two trained hub edges. Under a second-order source model, we establish conditions for exact recovery of the complete source-induced relation and bound the dimension of its hub-readable component by the hub covariance rank. HSA composes and standardizes hub-edge statistics, extracts paired spectral directions, and combines reliability-weighted matching evidence with source-gated candidate resolution for bidirectional retrieval and prototype classification. HSA requires no target-pair supervision, gradient optimization, or backbone updates. Across 19 retrieval and 11 prototype-classification relations on ImageBind and LanguageBind, HSA raises mean bidirectional Recall@10 from 18.27% to 31.15% and mean macro Top-1 accuracy from 29.01% to 52.43%, respectively. Controlled analyses further identify valid hub-edge correspondence and leading spectral directions as key sources of retrieval gains, demonstrating the utility of latent multimodal knowledge beyond native similarity scores. Code and models are publicly available at https://github.com/Luo1Yan/HSA.

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