Silver Non-Commercial Speculator Positions:
Large metals speculators decreased their net positions in the Silver futures markets last week, according to the latest Commitment of Traders (COT) data released by the Commodity Futures Trading Commission (CFTC) on Monday due to the Thanksgiving’s Day holiday.
The non-commercial futures contracts of Silver futures, traded by large speculators and hedge funds, totaled a net position of 67,641 contracts in the data reported through Tuesday November 21st. This was a weekly decrease of -1,532 contracts from the previous week which had a total of 69,173 net contracts.
Speculative positions fell after two weeks of gains but bullish bets remain above the +60,000 contract level for a sixth straight week.
Silver Commercial Positions:
The commercial traders position, hedgers or traders engaged in buying and selling for business purposes, totaled a net position of -80,436 contracts on the week. This was a weekly boost of 12 contracts from the total net of -80,448 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 $16.01 which was a decline of $-0.07 from the previous close of $16.08, according to unofficial market data.