Chinese Trader Bian Ximing: From Gold Jackpot to Silver Gamble, Billions in Metal Markets

• Chinese billionaire Bian Ximing reportedly earned nearly Rs 21,000 crore by betting on a sustained gold price rise.
• In 2022, Bian took bullish long-term positions on gold contracts at the Shanghai Futures Exchange, defying skepticism.
• After massive gold gains, Bian shifted focus to silver with a bearish outlook, placing large short bets anticipating a price fall.
• Bian holds one of the largest net short positions in silver on the SHFE, nearly 30,000 contracts (450 tonnes).
• Operating from Gibraltar via Zhongcai Futures Co., Bian's strategies are closely watched amidst volatile metal markets.