Commodities Buzz: Silver Speculative Longs Edge Higher

4 Jan 2022 , 04:37 PM

Large precious metals speculators sharply added to their net long positions in the Silver futures market last week, according to the latest Commitment of Traders (COT) data. The non-commercial futures contracts of Silver futures, traded by large speculators and hedge funds, totaled a net position of 20926 net contracts in the data reported through week ended December 27, 2021. This was a fall of 5532 net contracts from the previous week and pulled net longs up from two month low. The commercial traders position, hedgers or traders engaged in buying and selling for business purposes, totaled a net position of -42928 contracts on the week. This was a weekly change of -6529 net contracts.

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