「Silverback Army」 opened a $6.9 million silver short position over the weekend, with unrealized gains from the pre-market silver dip already reaching 91%.

BlockBeats News, March 16th, according to Coinbob Popular Address Monitoring data, before the U.S. stock market opened, the price of SILVER on Hyperliquid plummeted to $77.1. The “Silver Iron Head Air Force” (0x61ce) saw its unrealized gains increase to $310,000 (90%).

This short position was opened on the 14th, currently holding a 20x leveraged SILVER short position, with an average price of $80.76, a position size of $6.9 million, and a liquidation price of $136.

Prior to this, the whale had become one of the largest on-chain silver shorts with a $35 million position. Forced to close during the substantial silver price increase in January, it currently holds an equal-sized BTC long position.