Silver price plunges, whale short positions gain $1.37 million in profit

On March 3, the price of silver dropped 6% during the day, retracing more than $11.5 from yesterday's high of $97.5. A whale address, 0x007, which shorted silver at an average price of $95.1 two days ago, has expanded its floating profit to $1.37 million, with a yield of 38%. This whale currently holds a 20x leveraged SILVER short position, with a position size of $12.7 million, making it the largest on-chain silver short.