A major holder known as "Silver Ironhead Airforce" has increased its leveraged short position in the silver mapping contract xyz:SILVER by $15 million, bringing the total to $35.5 million. The average short price is approximately $93.17, with a current floating loss of $5.1 million, or 85%. The whale address has deposited $6.6 million into Hyperliquid to manage costs, with a liquidation price set at $125. This move positions it as one of the largest on-chain short positions in silver.