On February 3, market tracking data revealed that a trader nicknamed the 'Silver Bullfighter' has re-entered the scene, aggressively shorting silver contracts. The move involved a $9.5 million short position in xyz:SILVER using 20x leverage, with an average entry price of $83.73. The position is currently facing an unrealized loss of $272,000.
Betting Against the Trend: A Bold Bearish Signal
Prior to this, the same address closed out a prolonged short position at a staggering loss of $4.79 million. Despite that setback, the rapid return and increased exposure suggest a deeply pessimistic outlook on silver’s near-term trajectory.
At a time of heightened macroeconomic uncertainty and volatile precious metals pricing, such leveraged plays amplify market sentiment. Analysts warn that concentrated short positions could trigger sharp corrections if market momentum shifts unexpectedly.
- Position size: $9.5 million
- Leverage used: 20x
- Average entry: $83.73
- Unrealized loss: $272,000
- Previous loss: $4.79 million (from earlier exit)
This high-stakes maneuver is fueling debate among traders and serves as a reminder of the risks tied to extreme positioning in volatile markets.