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Address Holds $7.71 Million SILVER Short After Reversing SKHX Position

The account held about 153,594 SILVER short units after an increase of roughly 85,942, and showed about $35.63 million in cumulative contract profits.

Updated 1 min read
A worker weighs a silver bar at a precious-metals shop in Seoul, South Korea. / TokenPost.ai (macro)
A worker weighs a silver bar at a precious-metals shop in Seoul, South Korea. / TokenPost.ai (macro)

The address shifted its SKHX exposure from long to short, while its SILVER short reached about $7.71 million and its contract account showed roughly $35.63 million in cumulative profits.

After an increase of roughly 85,942 units, the address held about 153,594 SILVER short units, valued at roughly $7.71 million.

SKHX represents a contract based on shares of South Korea’s SK海力士. The account’s records show a short worth about $70,000; the position change involved removing a $2.96 million long and adding a $520,000 short.

A Nov. 2 snapshot taken at 1:01 a.m. ET (06:01 UTC) put the account’s SKHX longs at $3.05 million. Recorded activity by then included roughly $3.38 million in long entries and about $720,000 in short closures. EconoTimes previously covered the address’s Bitcoin (BTC) derivatives shift from a $10.04 million short to an $11.97 million long.

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