Silver Short Position Reaches $9.5 Million with 20x Leverage

On February 3, a report from HyperInsight revealed that the entity known as 'Silver Ironhead Short' (0x61cee) has re-entered the market with a significant short position on silver. According to BlockBeats, this position involves a 20x leveraged short contract on xyz:SILVER, amounting to $9.5 million, with an average entry price of $83.73 per unit. The current unrealized loss stands at $272,000. The address has consistently maintained a bearish stance on silver. Previously, it closed a long-held short position on silver, incurring a loss of $4.79 million.