Large precious metals speculators raised 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 32141 net contracts in the data reported through week ended January 24, 2022. This was a surge of 2441 net contracts from the previous week and continued to push up net longs from three week low. The commercial traders position, hedgers or traders engaged in buying and selling for business purposes, totaled a net position of -47684 contracts on the week. This was a weekly change of -6144 net contracts.
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