Silver Speculators Added To Net Bullish Positions For 2nd Week

www.investing.com/analysis/silver-speculators-added-to-their-net-bullish-positions-for-a-2nd-week-251970

By Zachary Storella | May 17, 2015 01:41AM ET

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Weekly CFTC Net Speculator Report

Silver Net Speculator Positions Chart

Silver speculative positions increased for 2nd week last week

Silver Futures (CMX):

Silver speculators and large futures traders increased their silver bullish bets last week for a second straight 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 Comex silver futures, traded by large speculators and hedge funds, totaled a net position of +29,338 contracts in the data reported through May 12th. This was a weekly change of +1,715 contracts from the previous week’s total of +27,623 net contracts that was registered on May 5th.

The rise in the net speculator positions was the result of a bigger decline in the weekly bearish positions by -1,796 contracts compared with a small decline in the weekly bullish positions by -81 contracts to total the weekly change of +1,715 contracts.

Over the weekly reporting time-frame, from Tuesday May 5th to Tuesday May 12th, the silver price edged down from approximately $16.57 to $16.52, according to silver futures price data from investing.com.

Commercial Positions:

The commercial traders position, categorized as hedgers or traders engaged in buying and selling for business purposes, decreased last week for a third week to a net total position of -38,103 contracts through May 12th. This is a weekly change of -853 contracts from the total net of -37,250 contracts on May 5th.

Silver Net Commercial Positions Chart

Large Trader Non-Commercial Silver Positions Chart

*COT Report: The weekly commitment of traders report summarizes the total trader positions for open contracts in the futures trading markets. The CFTC categorizes trader positions according to commercial hedgers (traders who use futures contracts for hedging as part of the business), non-commercials (large traders who speculate to realize trading profits) and nonreportable traders (usually small traders/speculators).

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Silver Speculators Added To Net Bullish Positions For 2nd Week

Silver speculative positions increased for 2nd week last week

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