Bian Ximing (via Thongchai Futures) built a MASSIVE naked short on SHFE silver — bigger than the exchange’s physical inventory — right before Chinese New Year. Here’s the timeline that rocked the silver world in early 2026! #Silver #SHFE #Silveersqueeze.26
Late January 2026 → Bian ramps up the bet Starts aggressively shorting silver futures as prices hit record highs (~$100–$122/oz in Shanghai frenzy). Builds to ~30,000 contracts = ~450 tons (more than SHFE’s ~350-ton warehouse inventory!). Classic contrarian play after his huge gold wins. Naked short = high risk!
Early February 2026 → The crash & big payday Silver, plunges 16%+ (up to 30% in wild sessions) post-New Year break. Bian nets massive paper gains: estimates 2–3.6 billion yuan ($288–500M USD). Looks like genius… but regulators are watching
Mid-February 2026 → Regulators strike back, SHFE freezes his accounts for 1 month (starting ~Feb 6). Bans adding to shorts publicly expose the huge position. Forces partial liquidations amid volatility. Silver dips to ~$72 low, then rebounds hard (+33% to ~$96 by early March). Squeeze vibes intensify!
March 2026 → Where it stands now (as of early March) Position still open (tied to April contract), but restricted/frozen. Silver spot ~$84–$90 range, with ongoing swings & low SHFE inventories. Potential short squeeze ahead?
Delivery dates like April 15 loom large. Wild ride for silver bulls! What happens next? #SilverSqueeze #PreciousMetals