On-Chain ‘James Bond’ Nets $2 Million Shorting Silver as Jane Street Fuels Volatility Debate

An anonymous on-chain trader known as 0x007 pocketed $2.04 million by shorting silver near its recent top. It comes just days before a brutal selloff rocked precious metals and rippled across global risk markets. On-Chain James Bond Nets $2 Million as Jane Streets Silver Position Fuels Volatility Fears Blockchain analytics firm Arkham Intelligence highlightedthe name James Bond, indicating the precision of the trade. Trader 0x007 up $2 million shorting silver. The largest on-chain Silver short is up by $2 million. Trader 0x007 shorted the top of silver only 2 days ago, and is already up $2.04M. The names Bond. James Bond, wrote Arkham. The move came as silver faced one of its most turbulent stretches in years, with prices surging past $96 per ounce before collapsing sharply. Silver (XAG) Price Performance. Source: TradingView The price swing wiped significant value from precious metals markets and sent shockwaves through equities and crypto. Jane Streets Silver Stake Fuels Manipulation Debate The selloff landed in an already charged environment. According to Bloomberg terminal data, Jane Street added 20.6 million shares of the iShares Silver Trust (SLV) in Q4 2025. This record single-quarter increase made the quantitative trading firm the largest holder of the ETF, with a stake valued at roughly $1.6 billion. The position surpassed holdings from BlackRock and Morgan Stanley. According to analyst Bull Theory, Jane Streets stake represents approximately 3.6% of SLV shares outstanding. IS JANE STREET ALSO BEHIND THE SILVER VOLATILITY?Jane Street is now largest holder of Blackrock silver trust buying 20.6 million shares in just 1 quarter which is 3.6% of all outstanding shares. Over 87% of their $662 billion portfolio is held in options. They make profit by pic.twitter.com/Q8annfbpNa Bull Theory (@BullTheoryio) March 3, 2026 The disclosure quickly sparked online debate over whether such a concentrated position in the worlds largest physically backed silver ETF could influence price dynamics, particularly when paired with the firms broader derivatives exposure. Notably, Jane Street has faced regulatory scrutiny before, after Indian authorities fined the firm in 2025 over derivatives manipulation. This history has heightened sensitivity to its trading footprint in other markets, including Bitcoin. The firm has dismissed allegations of manipulation as conspiracy theories, maintaining that it operates as a liquidity provider. Silver markets are heavily intermediated by banks, ETFs, futures markets, and algorithmic traders, said Crux Investor analyst Ole Hansen of Saxo Bank, adding that when volatility spikes, liquidity evaporates, feeding further dislocation. Read the article at BeInCrypto