‘Silver Iron-Headed Bear’ Doubles Down on Silver Short, Average Entry at $116.76

According to HyperInsight monitoring data, on January 29, the well-known bearish trader, known for targeting silver, re-entered the market with a fresh short position. At the time of reporting, the trader had built a $3.2 million short position in xyz:SILVER using 20x leverage at an average price of $116.76 per ounce, with unrealized losses amounting to approximately $11,000.

Notably, the trader had recently closed a long-standing silver short position the day prior, realizing a loss of $4.79 million. Despite the current unrealized losses, the trader's bearish stance on silver remains unchanged.