Spot Silver Hits Two-Month High, Whale's Liquidation Just 2.5% Away

BlockBeats News, May 12th, according to Hyperinsight Monitoring, the spot silver price has been rising since last night to this morning, reaching a high of $87. On Hyperliquid, the SILVER contract is currently trading at $85.8, with a 7% increase in the past 24 hours, hitting a two-month high.

Among the whales with new positions of over a million dollars in the past week, only one bearish whale is bucking the trend, holding a position of $1.72 million with a liquidation price of $88.26, which is only 2.5% away from the current price. If silver continues to rise above $88, it will be the first whale to be liquidated in this round of price surge.

The largest profit-taking address on-chain in this uptrend is the whale at address 0x9e8, who went long with 20x leverage during the main upswing last night, with a position size of $5.17 million, an average price of $81.2. The current unrealized gains are about $270,000, representing a return of over 1x on the initial investment.

Address: 0x0a26016918a1ad8e57b899ea9484ce0ac87d5255

Address: 0x9e8b1e51c642f4c8b87c6ba11c53d516a218afc4