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Silver Shorts Near Record Highs

Published 06/21/2015, 11:23 PM
Updated 07/09/2023, 06:31 AM

Chart Of The Day: Hedge funds have increased short bets against Silver

Silver Price vs Silver COT 1996-2015
Source: Short Side Of Long

This chart of the day focuses on Silver and hedge fund positioning with regard to the precious metal. Reviewing the recent Commitment of Traders report by the CFTC showed quite a few interesting developments, in particular with the precious metals sector. Hedge funds and other speculators (managed money) decreased their net longs to 741 net long contracts, from 42,598 net long contracts four weeks ago (disaggregated futures only).

What was of even more interest for me, bears pressed their bets (gross short selling) close to record highs, as seen in the chart above. Is it possible a short squeeze could mean another rally coming?

Latest comments

for sure Tiho. commercial long positions are entering an extreme position, so while large speculators are short, the opposite is true for commercials, and the commercials usually end up right. the large specs have been trend following this PM "drop", but that down trend is about to end.
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