Loading ...Commitment of Traders Report
Silver
*The large specs decreased their long positions by 2,894 contracts and increased their shorts by 12,569 contracts.
*The commercials increased their longs by 8,728 contracts and reduced their shorts by 6,846 contracts.
*The small specs increased their longs by 2,184 contracts and increased their shorts by 2,285 contracts.
GOLD
*The large specs reduced their short positions by 10,549 contracts and increased their shorts by 8,668 contracts.
*The commercials increased their longs by 11,703 contracts and reduced their shorts by 9,837 contracts.
*The small specs decreased their longs by 1,708 contracts and increased their shorts by 615 contracts.
Well, from a theoretical standpoint and the way most will view that report, it is about as bullish as it ever gets. The shift in the silver large specs/commercials is as dramatic as it gets. And based on the open interest changes it should be more so as of yesterday.