Silver Speculator Bullish Bets See Small Gain After 6 Down Weeks

August 5, 2018

Silver COT Futures Large Trader Positions

Silver Futures Non-Commercial Speculator Positions:

Large precious metals speculators slightly advanced their bullish net positions in the Silver futures markets this week, according to the latest Commitment of Traders (COT) data released by the Commodity Futures Trading Commission (CFTC) on Friday.

The non-commercial futures contracts of Silver futures, traded by large speculators and hedge funds, totaled a net position of 5,864 contracts in the data reported through Tuesday July 31st. This was a weekly advance of 2,326 contracts from the previous week which had a total of 3,538 net contracts.

The speculative bullish position had been on a bearish streak over the previous six weeks and declined by -46,192 contracts over that time-frame before this week’s small turnaround. The overall net level remains under the +10,000 contracts standing for a third consecutive week.

Silver Commercial Positions

The commercial traders’ position, hedgers or traders engaged in buying and selling for business purposes, totaled a net position of -24,149 contracts on the week. This was a weekly drop of -4,124 contracts from the total net of -20,025 contracts reported the previous week.


Silver has the highest electrical conductivity and heat of all metals.

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