MTECHTIPS;-Silver Speculators Trim Longs After Recent Gains

MTECHTIPS;-Silver Speculators Trim Longs After Recent Gains

MTECHTIPS- Silver Large metals speculators trimmed their bullish net positions in the Silver futures markets 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 37,212 contracts in the data reported through Tuesday January 16th. This was a weekly decline of just -823 contracts from the previous week which had a total of 38,035 net contracts. Speculative positions had risen for three straight weeks to a six week high before last week’s small decline. The commercial traders position, hedgers or traders engaged in buying and selling for business purposes, totaled a net position of -50,143 contracts on the week. This was a weekly drop of -201 contracts

MTECHTIPS-Apply For 2 Days Free Trails Equity & Commodity Tips

WWW.MTECHTIPS.COM

07489294118-119