Whale Maintains Heavy Exposure to Precious Metals
Amid a continued upward trend in gold and silver prices, a major investor focused on precious metals has seen their portfolio grow from around $1 million in December to $2.23 million, with over $1.2 million in profit recorded in the past month alone.
Frequent Silver Position Adjustments
Data indicates the investor fully closed a long position of 16,000 SILVER contracts in the past 24 hours, realizing a profit of approximately $268,000. The position was valued at around $1.81 million. Shortly after, a new long position of 2.2 million SILVER contracts was established, which is already in profit.
Gold Positions Deliver Strong Returns
The account remains heavily concentrated in precious metals, with total long exposure reaching $7.56 million. The breakdown is as follows:
Long PAXG (on-chain gold): Position valued at $3.43 million, average price of $4,429, unrealized profit of $550,000 (+161%);
Long SILVER contracts: Position valued at $2.29 million, average price of $111, unrealized profit of $67,000 (+13%);
Long GOLD contracts: Position valued at $1.84 million, average price of $4,799, unrealized profit of $162,000 (+49%).
Strategic Focus Drives Growth
By maintaining concentrated long positions in gold and silver, the investor has achieved consistent growth. The portfolio currently holds around $700,000 in unrealized profit with a return on investment of 170%, showcasing strong conviction and timing in the precious metals market.