Silver Client Positioning

Number of traders net-short has decreased by 30.90% from last week.

SYMBOL

TRADING BIAS

NET-LONG%

NET-SHORT%

CHANGE IN LONGS

CHANGE IN SHORTS

CHANGE IN OI


Silver

BEARISH

95.43%

4.57%

3.13%
Daily

9.40%
Weekly

-9.56%
Daily

-30.90%
Weekly

2.47%
Daily

6.57%
Weekly

Silver: Retail trader data shows 95.43% of traders are net-long with the ratio of traders long to short at 20.90 to 1. Our data shows traders are now at their most net-long Silver since Jul 16 when Silver traded near 2,562.70. The number of traders net-long is 3.13% higher than yesterday and 9.40% higher from last week, while the number of traders net-short is 9.56% lower than yesterday and 30.90% 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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