Leveraged Silver Bet Pays Off for Major Trader as Position Surges

A sophisticated investor operating under the address 0x271 has made a bold move in the precious metals market, establishing a new leveraged silver position that’s already showing substantial returns. According to BlockBeats, this trader has opened a five-fold leveraged long position in silver contracts, committing 10,000 units with an estimated value of approximately $940,000. The average entry price was locked at $91.3, and the position has already accumulated unrealized gains of about $26,000, representing a 12% return since inception.

Fresh Silver Leveraged Position Generates Quick Gains

The aggressive five-times leverage on silver reflects a strong bullish conviction on precious metals prices. This newly established leveraged silver position shows the trader’s confidence in near-term price appreciation. With the position generating over $26,000 in paper profits despite the relatively short holding period, the strategy appears to be validating the trader’s timing. The use of leverage amplifies both gains and potential losses, making this an aggressive yet calculated bet in the leveraged silver market.

Previous Silver Trade Locked in Six-Figure Profit

Before establishing this current position, the trader made an exit decision that proved lucrative. Earlier, the same investor had closed out a larger previous position comprising 20,000 silver contracts, which were valued at approximately $1.88 million with an average price of $79.6. This earlier trade generated a realized profit of around $194,000 before closure. The decision to exit that position ahead of a short-term pullback in silver prices demonstrates tactical profitability, followed by re-entry at higher price levels with leverage.

Diversified ETF-Style Portfolio with Heavy Precious Metals Allocation

Beyond the new silver position, this investor maintains a comprehensive portfolio structure that mirrors a diversified ETF approach, with a total contract value of approximately $5.64 million concentrated heavily in precious metals. The breakdown reveals:

Gold and Silver Holdings:

• PAXG (on-chain gold) long position: approximately $3.05 million, average price of $4,429, with unrealized gains around $170,000 (58% return)
• GOLD (gold mapping contract) long position: approximately $1.64 million, average price of $4,509, with unrealized gains around $64,000 (30% return)
• SILVER (silver mapping contract) long position: approximately $940,000, average price of $79, with unrealized gains around $27,000 (13% return)

Other Holdings:

• TSLA (Tesla mapping contract): approximately $560,000, average price of $465, showing an unrealized loss of around $45,000 (representing a -31% drawdown)

The portfolio composition demonstrates a clear preference for precious metals exposure, with gold and silver positions representing the vast majority of the total account value.

Margin Usage at 80%: Betting Big on Bullion Prices

The account operates with an overall leverage ratio of approximately 5.2 times, with a margin usage rate of 80%, indicating the trader is deploying capital aggressively. The current account balance stands at approximately $1.435 million, supporting all active positions. Notable performance metrics include a year-to-date return on investment of 68.15% and monthly profits averaging around $380,000. This level of margin utilization reflects high conviction in the leveraged silver and precious metals direction, though it also represents elevated risk exposure that requires careful monitoring.