The largest on-chain silver short position reduced by $4.4 million

According to Hyperinsight monitoring, the spot silver price has continued to rise this month, once surpassing $94 last night and this morning. Since January 28, the whale address 0x8af, which has been shorting silver, has seen its floating loss expand to $1.28 million, with a loss rate of 85%. Currently, this address still holds a silver short position of approximately $10.47 million, with an average price of $83.1 and a liquidation price of $105. In the past five days, this address has cumulatively closed positions totaling about $4.4 million.