MTECHTIPS;-Silver Speculative Longs Fall For Five Straight Weeks

MTECHTIPS;-Silver Speculative Longs Fall For Five Straight Weeks

MTECHTIPS-Silver futures markets again last 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 Silver futures, traded by large speculators and hedge funds, totaled a net position of 2,469 contracts in the data reported through Tuesday December 26th. This was a weekly drop of -7,445 contracts. Speculative positions have now fallen for five straight weeks and the overall standing is at the lowest level since June 3rd of 2014. The commercial traders position, hedgers or traders engaged in buying and selling for business purposes, totaled a net position of -18,621 contracts on the week. This was a weekly advance of 6,208 contracts

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