The Commitment of Traders Report
Silver
*The large specs increased their long positions by 1,576 contracts and decreased their shorts by 13,170 contracts.
*The commercials reduced their longs by 7,040 contracts and increased their shorts by 5,337 contracts.
*The small specs decreased their longs by 1,497 contracts and increased their shorts by 872 contracts.
GOLD
*The large specs increased their long positions by 2,831 contracts and reduced their shorts by 4,866 contracts.
*The commercials increased their longs by 6,739 contracts and increased their shorts by 16,349 contracts.
*The small specs increased their longs by 1,332 contracts and decreased their shorts by 581 contracts.
To see the commercials get so much less long/more short going into silver’s big rally on Wednesday (report compiled as of Tuesday) is stunning.