A Chinese billionaire has built a massive short bet on silver

Will the bet end up profitable?

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Global Markets Investor
February 06, 2026

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A billionaire Chinese trader has built the largest net short position in silver on the Shanghai Futures Exchange, holding ~450 tons, or 30,000 contracts.

His short position is now worth ~$300 million in paper gains after silver prices collapsed.

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Including losses from earlier positions (he has been forced to liquidate some positions), he stands to make a net profit of ~1 billion yuan, or $144 million.

Previously, he made nearly $3 billion from bullish gold bets on the Shanghai exchange since early 2022.

Notably, a billionaire ramped up his silver shorts in the final week of January, just before prices collapsed.

Market volatility creates significant opportunities.

⚠️Portfolio performance review January 2026

Assessment of my long-term investment portfolio as of January 2026

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