The Commitment of Traders Report
Silver
*The large specs reduced their long positions by 5,004 contracts and increased their shorts by 1,761 contracts.
*The commercials increased their longs by 1,178 contracts and reduced their shorts by 5,241 contracts.
*The small specs increased their longs by 71 contracts and decreased their shorts by 275 contracts.
The commercials are net short 70,487 contracts.
Gold
*The large specs decreased their long positions by 15,013 contracts and increased their shorts by 7,523 contracts.
*The commercials decreased their longs by 55 contracts and reduced their shorts by 22,722 contracts.
*The small specs increased their longs by 1,545 contracts and increased their shorts by 1,676 contracts. The commercials are net short 288,275 contracts.
The decrease in the commercial positions is mildly constructive, but their net shorts is still very sizeable.