Get 40% Off
🤯 This Tech Portfolio is up 29% YTD! Join Now to Get April’s Top PicksGet The Picks – Just 99 USD

Silver Speculators Strongly Boosted Their Bullish Net Positions This Week

Published 01/14/2018, 01:39 AM
Updated 07/09/2023, 06:31 AM

Copper COT Futures Large Trader Positions

Silver Non-Commercial Speculator Positions:

Large metals speculators sharply lifted 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 38,035 contracts in the data reported through Tuesday January 9th. This was a weekly rise of 15,285 contracts from the previous week which had a total of 22,750 net contracts.

Speculative positions have now risen for three straight weeks and each of the last two weeks have seen contracts increase by over +15,000 net contracts. The silver speculative level is at is highest place since November 28th when net positions totaled +58,782 net contracts.

Silver Commercial Positions:

The commercial traders position, hedgers or traders engaged in buying and selling for business purposes, totaled a net position of -49,942 contracts on the week. This was a weekly fall of -12,750 contracts from the total net of -37,192 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 $16.03 which was a decline of $-0.18 from the previous close of $16.21, according to unofficial market data.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.