Loading ...The Commitment of Traders Report
Silver
*The large specs reduced their long positions by 2,060 contracts and increased their shorts by 10,393 contracts.
*The commercials increased their longs by 4,112 contracts and reduced their shorts by 3,483 contracts.
*The small specs increased their longs by 2,221 contracts and decreased their shorts by 2,637 contracts.
The net short position of the commercials is down to 5,183 contracts.
Gold
*The large specs reduced their long positions by 22,733 contracts and increased their shorts by 12,998 contracts.
*The commercials increased their longs by 8,383 contracts and reduced their shorts by 20,862 contracts.
*The small specs increased their longs by 224 contracts and decreased their shorts by 6,262 contracts.
The net short position of the commercials is 107,930 contracts.
From a historical standpoint this is a bullish report on both precious metals. How the silver positions are being reversed is most strange considering so little price movement. Have to leave it at that for now.