Silver Speculators Added To Their Bearish Net Positions This Week

August 26, 2018

Silver Non-Commercial Speculator Positions

Large metals speculators raised their bearish bets 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 -7,158 contracts in the data reported through Tuesday August 21st. This was a weekly decline of -4,322 contracts from the previous week which had a total of -2,836 net contracts.

Speculators have cut back on their silver bets for three consecutive weeks and the overall position has been bearish for two straight weeks. The current position is now at the most bearish level since May 1st when the net position totaled -7,196 contracts.

Silver Commercial Positions

The commercial traders’ position, hedgers or traders engaged in buying and selling for business purposes, totaled a net position of -7,418 contracts on the week. This was a weekly increase of 4,958 contracts from the total net of -12,376 contracts reported the previous week.

Silver COT Futures Large Trader Vs SLV ETF

iShares Silver (NYSE:SLV) ETF:

Over the same weekly reporting time-frame, from Tuesday to Tuesday, the SLV ishares ETF, which tracks the price of silver, closed at approximately $13.89 which was a fall of $-0.28 from the previous close of $14.17, according to unofficial market data.


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

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