Classic MASSIVELY BULLISH Silver COT Report!



Open Interest: 115,138 contracts Managed Money (Large Specs):
13,838 Long vs. only 3,440 Short
Net +10,398 long (12.0% Long / 3.0% Short of OI)

Other Reportables:
18,972 Long vs. 5,953 Short
Net +13,019 long + they added another +426 longs this week!

Commercial Improvement:
Swap Dealers covered -1,089 shorts
Producers/Merchants covered -300 shorts

Classic bullish COT structure: Large specs heavily net long while commercials continue to lighten their massive short hedge book.

This is the exact COT positioning that has fueled silver’s biggest rallies