Silver Non-Commercial Speculator Positions:
Large metals speculators decreased 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 60,260 contracts in the data reported through Tuesday September 26th. This was a weekly lowering of -7,543 contracts from the previous week which had a total of 67,803 net contracts.
Silver speculative positions have fallen for two straight weeks following eight straight weeks of rises. The speculative level remains above the +60,000 bullish net position for a fourth straight week.
Silver Commercial Positions:
The commercial traders position, categorized by the CFTC as hedgers or traders engaged in buying and selling for business purposes, totaled a net position of -72,266 contracts on the week. This was a weekly increase of 6,142 contracts from the total net of -78,408 contracts reported the previous week.
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 $15.91 which was a loss of $-0.45 from the previous close of $16.36, according to unofficial market data.