Precious Metals Preview: Silver Speculative Longs Continue To Slip

15 Feb 2022 , 08:52 AM

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 19299 net contracts in the data reported through week ended February 8, 2022. This was a fall of 2819 net contracts from the previous week. The commercial traders position, hedgers or traders engaged in buying and selling for business purposes, totaled a net position of -32571 contracts on the week. This was a weekly change of 2692 net contracts.

Powered by Commodity Insights