Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

More Hedge Funds Getting Slammed By Silver’s Nosedive

Silver was above $50 just a couple of days ago. Not anymore. iShares Silver Trust (SLV) lost nearly $8 per share during the last couple of days. Business Insider listed Charles Davidson’s Wexford Capital as one of the biggest holders of SLV at the end of December. Wexford had 841 thousand shares of SLV. They also had call options on 200 thousand shares. The value of their holdings is worth more than $40 Million today. There are other hedge funds with bigger SLV holdings though.


Peter J. Eichler’s Alethia Research had more than 4.8 Million shares of SLV. Alethia lost more than $38 Million in just two days. But don’t feel sorry for them, they made more than $40 Million since the end of 2010.

Richard Chilton’s Chilton Investment Company had more than 3.3 Million shares of SLV. Chilton lost more than $25 Million during the past couple of days.

Finally Jean-Marie Eveillard’s First Eagle had 1,350,000 shares of SLV. First Eagle’s loss is around $10.8 Million, which is 30% more than Wexford’s.

There are other hedge funds with smaller positions in SLV. The most notable one is Curtis Schenker’s Scoggin. Schenker is David Einhorn’s buddy and partners with Craig Effron. Effron likes to use options more than other hedge fund managers. He had 268 thousand call options on SLV at the end of December.