The Commitment of Traders Report
Silver
*The large specs decreased their long positions by 6,702 contracts and increased their shorts by 7,275 contracts.
*The commercials increased their longs by 4,684 contracts and reduced their shorts by 8,395 contracts.
*The small specs increased their longs by 1,226 contracts and increased their shorts by 328 contracts.
Gold
*The large specs reduced their long positions by 44,558 contracts and reduced their shorts by 4,959 contracts.
*The commercials increased their longs by 5,094 contracts and reduced their shorts by 33,501 contracts.
*The small specs increased their longs by 3,015 contracts and increased their shorts by 2,011 contracts.
The large spec/commercial turnaround in positions was very substantial and will get some attention. Of course, and how typical, this occurred before gold and silver’s healthy moves higher these past two trading sessions.