Loading ...The Commitment of Traders Report
Silver
*The large specs increased their long positions by 2,452 contracts and increased their shorts by 12,346 contracts.
*The commercials increased their longs by 1,657 contracts and reduced their shorts by 10,701 contracts.
*The small specs increased their longs by 9 contracts and increased their shorts by 2,473 contracts.
The commercial net short position has fallen to 34,000 contracts.
Gold
*The large specs reduced their long positions by 21,113 contracts and increased their shorts by 4,269 contracts.
*The commercials reduced their longs by 21,687 contracts and reduced their shorts by 54,891 contracts.
*The small specs reduced their longs by 14,224 contracts and decreased their shorts by 6,402 contracts.
The commercials net short position has fallen to 118,000 contracts.
Good to see the specs in both gold and silver getting out and the prices holding recent lows. The reduction of small specs in gold is the largest in memory. The change in silver is a bit baffling because its OI has kept going up. Perhaps the comment here yesterday that some of the trading in silver, especially outside of the Comex, has been peculiar means something.
One other thought … the buying of the gold/silver dips, while capping all rallies appears to be an inducement to attract more spec selling.
FYI