Chinese Billionaire Bian Ximing Shifts Focus from Gold to Silver, Predicts Price Drop

• Chinese billionaire Bian Ximing, a commodities trader, earned Rs 21,000 crore from bullish gold bets on the Shanghai Futures Exchange (SHFE) from early 2022, anticipating a significant price rise.
• His gold profits were driven by global uncertainties, central bank purchases, and interest rate changes, leading to a surge in gold prices in 2025-2026.
• Bian is now betting on a short-term fall in silver prices, holding the largest net short position on silver on SHFE with approximately 30,000 contracts (450 tonnes).
• He previously made a profit of $180 million (Rs 10,658 crore) from a long position on silver taken in August 2025, predicting a sharp rise.
• Operating from Gibraltar through his firm "Zhongkai Futures Co.", Bian's strategies significantly impact the volatile gold and silver markets, with silver prices recently dropping over 16%.