Silver Speculators trimmed net bullish positions for 2nd week
By CountingPips.com | Weekly CFTC Net Speculator Report
Silver speculative positions declined last week
Silver Futures (CMX): Silver speculators and large futures traders slightly decreased their silver bullish bets last week for a second straight week, according to the latest Commitment of Traders (COT) data released by the Commodity Futures Trading Commission (CFTC) on Friday.
The non-commercial futures contracts of Comex silver futures, traded by large speculators and hedge funds, totaled a net position of +34,545 contracts in the data reported through April 14th. This was a weekly change of -7,536 contracts from the previous week’s total of +42,081 net contracts that was registered on April 7th.
The decrease in the net speculator positions reflects a decrease in the weekly bullish positions by 1,824 contracts combined with an increase in the weekly bearish positions by 5,712 contracts to get the weekly change of -7,536 contracts.
Over the weekly reporting time-frame, from Tuesday April 7th to Tuesday April 14th, the silver price declined from approximately $16.84 to $16.16, according to silver futures price data from investing.com.
Last 6 Weeks of Large Trader Non-Commercial Silver Positions
| Date | Symb | Open Interest | Chg in O I | Specs Long | Chg Specs Long | Specs Short | Chg Specs Short | Pct OI Specs Long | Pct OI Specs Short | Net Specs | Weekly Chg |
| 03/10/2015 | SI | 169125 | 5107 | 57966 | 1624 | 31994 | 6859 | 34.3 | 18.9 | 25972 | -5235 |
| 03/17/2015 | SI | 178524 | 9399 | 61649 | 3683 | 37238 | 5244 | 34.5 | 20.9 | 24411 | -1561 |
| 03/24/2015 | SI | 172659 | -5865 | 62332 | 683 | 30209 | -7029 | 36.1 | 17.5 | 32123 | 7712 |
| 03/31/2015 | SI | 170105 | -2554 | 65426 | 3094 | 22314 | -7895 | 38.5 | 13.1 | 43112 | 10989 |
| 04/07/2015 | SI | 169700 | -405 | 63241 | -2185 | 21160 | -1154 | 37.3 | 12.5 | 42081 | -1031 |
| 04/14/2015 | SI | 177877 | 8177 | 61417 | -1824 | 26872 | 5712 | 34.5 | 15.1 | 34545 | -7536 |
*COT Report: The weekly commitment of traders report summarizes the total trader positions for open contracts in the futures trading markets. The CFTC categorizes trader positions according to commercial hedgers (traders who use futures contracts for hedging as part of the business), non-commercials (large traders who speculate to realize trading profits) and nonreportable traders (usually small traders/speculators). Find CFTC criteria here: (http://www.cftc.gov/MarketReports/CommitmentsofTraders/ExplanatoryNotes/index.htm).
Article by CountingPips.com – Forex Trading Apps
Source: http://countingpips.com/2015/04/silver-speculators-trimmed-net-bullish-positions-for-2nd-week/
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