📉 China Trader Who Made ~$3B on Gold Now Bets Big Against Silver

• Billionaire Pivot to Silver Short

A legendary Chinese trader — famed for nearly **$3 billion in profits riding gold’s historic rally — has now taken a massive short position against silver, wagering that the white metal’s surge will reverse.

• Huge Position on Shanghai Futures Exchange

Through his firm Zhongcai Futures, he built the largest net short silver position on the Shanghai Futures Exchange (~450 tonnes / ~30,000 contracts) in late January, positioning for prices to fall.

• Paper Gains as Silver Slides

As silver prices fell sharply (over 16% recently), that short position generated a paper gain of around ¥2 billion (~$288 million) — with net profit after earlier losses still significant.

• High Risk, High Reward Strategy

He previously profited by aggressively long positions in gold since 2022 and has now applied that bold, macro‑contrarian style to silver — a market that’s been volatile and driven by both industrial demand and speculative flows.

💡 Expert Insight:

Large directional trades like this highlight how precious metals aren’t just safe‑haven bets anymore — they’re becoming active arenas for huge macro traders to exploit momentum and volatility. Those strategies can amplify swings in both gold and silver prices.

#Silver #MacroTrading #ShanghaiFutures #BianXiming #MarketMoves $XAG