SILVER COT REPORT (Week Ending May 26, 2026) – BULLISH SHIFT UNDERWAY
The CFTC just dropped the latest Commitment of Traders data for silver, and it shows large speculators aggressively covering shorts.
Key numbers:
The smart money is covering shorts and stepping in on the long side while the banks are easing their massive short pressure.
Once again, This is exactly the kind of positioning shift that has preceded strong moves higher in silver.
Very constructive for silver bulls- and this reported was completed BEFORE Thursday and Friday’s big upside moves. Next week’s report should be even more constructive.
The speculative crowd is getting less bearish at a time when physical demand remains extremely strong.
Are we seeing the beginning of the next major leg up?
Key numbers:
- Open Interest: 101,744 contracts
- Managed Money (the big hedge funds & specs):
- Long: 5,634
- Short: 16,670
- Net change: +83 longs and –1,274 shorts → net buying +1,357 contracts
- Other Reportables: Added +897 longs (now 9,572 long)
- Swap Dealers (big banks): Reduced shorts by 1,123 contracts (still heavily short at 41,907)
The smart money is covering shorts and stepping in on the long side while the banks are easing their massive short pressure.
Once again, This is exactly the kind of positioning shift that has preceded strong moves higher in silver.
Very constructive for silver bulls- and this reported was completed BEFORE Thursday and Friday’s big upside moves. Next week’s report should be even more constructive.
The speculative crowd is getting less bearish at a time when physical demand remains extremely strong.
Are we seeing the beginning of the next major leg up?
