"Short Silver for Big Profits" short article attracts attention, Zhongcai Futures responds

On February 5th, the market circulated a “small article” suggesting that “Zhongcai Futures heavily shorted before the price plummeted, with unrealized gains exceeding 3.6 billion yuan,” which drew public attention. In February, as silver prices sharply retreated, the sell orders held by Zhongcai Futures’ seat gradually decreased. Data shows that by the close of February 5th, the company’s seat still ranked among the top in the market for sell orders on certain silver futures contracts. It is worth noting that the positions held by Zhongcai Futures’ seat are all client-held positions, meaning they are the overall holdings of Zhongcai Futures’ brokerage clients. Therefore, the claim in the aforementioned “small article” that Zhongcai Futures made profits from shorting is not accurate. A relevant person from Zhongcai Futures also stated that the position data and changes in the silver futures contracts published by the exchange reflect the position changes of the company’s clients in silver futures. He emphasized that the company always adheres to compliant operations and is committed to providing professional services to clients. (Futures Daily)