On-Chain Trader Nets $2M Shorting Silver as Jane Street Stokes Debate

An anonymous on-chain trader known as 0x007 made $2.04 million by shorting silver near its recent top, a move that came just days before a sharp selloff. Silver had surged past $96 per ounce before collapsing, a swing that wiped value from precious metals and rippled through equities and crypto.

Blockchain analytics firm Arkham Intelligence highlighted the trade and the trader’s nickname, writing that 0x007 shorted the top of silver two days earlier and was already up $2.04M. The firm even noted the handle’s Bond reference: “James Bond.” Market attention intensified after Bloomberg terminal data showed Jane Street bought 20.6 million shares of the iShares Silver Trust (SLV) in Q4 2025, making it the largest holder with a stake valued at roughly $1.6 billion.

Analysts have pointed out that this position represents about 3.6% of SLV shares outstanding, prompting debate over whether such concentration, combined with heavy derivatives exposure, can influence price dynamics.

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