Silver Client Positioning

Number of traders net-short has decreased by 42.65% from last week.

SYMBOL

TRADING BIAS

NET-LONG%

NET-SHORT%

CHANGE IN LONGS

CHANGE IN SHORTS

CHANGE IN OI


Silver

BEARISH

96.72%

3.28%

3.33%
Daily

11.13%
Weekly

-30.36%
Daily

-42.65%
Weekly

1.71%
Daily

7.81%
Weekly

Silver: Retail trader data shows 96.72% of traders are net-long with the ratio of traders long to short at 29.45 to 1. Our data shows traders are now at their most net-long Silver since Dec 28 when Silver traded near 23.00. The number of traders net-long is 3.33% higher than yesterday and 11.13% higher from last week, while the number of traders net-short is 30.36% lower than yesterday and 42.65% lower from last week.

We typically take a contrarian view to crowd sentiment, and the fact traders are net-long suggests Silver prices may continue to fall.

Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger Silver-bearish contrarian trading bias.

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