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Commodities Buzz: Silver Speculative Longs Fall

Commodities Buzz: Silver Speculative Longs Fall

January 17, 2022 3:10 IST | capital market
Large precious metals speculators cut their net long positions in the Silver futures market last week, according to the latest Commitment of Traders (COT) data. The non-commercial futures contracts of Silver futures, traded by large speculators and hedge funds, totaled a net position of 27548 net contracts in the data reported through week ended January 10, 2022. This was a fall of 3371 net contracts from the previous week and pulled net longs to three week low. The commercial traders position, hedgers or traders engaged in buying and selling for business purposes, totaled a net position of -37360 contracts on the week. This was a weekly change of -6613 net contracts.

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