Chinese trader who made billions on gold now holds largest net short position on silver. What could this indicate?

From a economic perspective, could this trade signal broader trends in the precious metals market, or is it likely just a single large hedge? Bian Ximing, a low-profile Chinese trader who previously made billions betting on gold, has now taken what’s believed to be the largest net short position on silver on the Shanghai Futures Exchange, roughly 450 tons (~30,000 contracts, ~$300M). With silver down about 16% recently, this position is showing significant unrealized gains.

Sources: Bloomberg/Blossom Social