Silver Speculators Continue To Drive Their Bets More Bearish This Past Week

September 2, 2018

Silver COT Futures Large Trader Positions

Silver Non-Commercial Speculator Positions:

Large metals speculators raised their bearish net positions in the Silver futures markets again 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 -16,598 contracts in the data reported through Tuesday August 28th. This was a weekly decline of -9,440 contracts from the previous week which had a total of -7,158 net contracts.

Speculative bearish positions have increased for four straight weeks and for ten out of the past eleven weeks. The overall net position is at the most bearish standing since April 3rd of this year when the net level equaled -16,965 contracts.

Silver Commercial Positions:

The commercial traders’ position, hedgers or traders engaged in buying and selling for business purposes, totaled a net position of 1,417 contracts on the week. This was a weekly uptick of 8,835 contracts from the total net of -7,418 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 $13.84 which was a decline of $-0.05 from the previous close of $13.89, according to unofficial market data.


The melting point for silver is 961.93 °C - 1235.08 °K

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