By CountingPips.com | Weekly CFTC Net Speculator Report
Silver Futures (CMX):
Silver speculators and large futures traders added to their silver bullish bets last week after four weeks of decline, 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 +27,623 contracts in the data reported through May 5th. This was a weekly change of +4,693 contracts from the previous week’s total of +22,930 net contracts that was registered on April 28th.
The gain in the net speculator positions was the result of a rise in the weekly bullish positions by 1,043 contracts that combined with a decline in the weekly bearish positions by 3,650 contracts to total the weekly change of +4,693 contracts.
Over the weekly reporting time-frame, from Tuesday April 28th to Tuesday May 5th, the silver price saw a small decline from approximately $16.63 to $16.57, according to silver futures price data from investing.com.
Free Reports:
Commercial Positions:
The commercial traders position, categorized as hedgers or traders engaged in buying and selling for business purposes, fell last week to a net total position of -37,250 contracts through May 5th. This is a weekly change of -3,251 contracts from the total net of -33,999 contracts on April 28th.
Last 6 Weeks of Large Trader Non-Commercial Silver Positions
| Date | Open Interest | Specs Long | Specs Short | Com Long | Com Short | Net Com | Com Chg | Net Specs | Specs Chg |
| 03/31/2015 | 170105 | 65426 | 22314 | 63225 | 113086 | -49861 | -10619 | 43112 | 10989 |
| 04/07/2015 | 169700 | 63241 | 21160 | 64592 | 115030 | -50438 | -577 | 42081 | -1031 |
| 04/14/2015 | 177877 | 61417 | 26872 | 67026 | 110891 | -43865 | 6573 | 34545 | -7536 |
| 04/21/2015 | 182633 | 60848 | 36523 | 73151 | 106987 | -33836 | 10029 | 24325 | -10220 |
| 04/28/2015 | 179461 | 64340 | 41410 | 69451 | 103450 | -33999 | -163 | 22930 | -1395 |
| 05/05/2015 | 175694 | 65383 | 37760 | 67908 | 105158 | -37250 | -3251 | 27623 | 4693 |
*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).
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