Silver
Silver
Week of June 23, 2026
BEARISH
Smart money is net long and reducing.
2Y percentile: 19th — Well below average
Weekly change: -1,144 contracts
Weekly Changes
Producer/Merchant+2.9K
Managed Money-1.1K
Swap Dealer-812
Other Reportable+351
Positioning Percentile (2Y)
Producer/Merchant
100thExtremely high (historically rare)
050100
Managed Money
19thWell below average
050100
Swap Dealer
73rdAbove average
050100
Other Reportable
4thExtremely low (historically rare)
050100
Full Stats Table
| Trader Type | Net Position | Weekly Change | 2Y Percentile | 5Y Percentile |
|---|---|---|---|---|
| Producer/Merchant | -13.7K | +2.9K | 100th | 100th |
| Managed Money | +11.7K | -1.1K | 19th | 37th |
| Swap Dealer | -26.5K | -812 | 73rd | 34th |
| Other Reportable | +12.0K | +351 | 4th | 37th |
About Silver Positioning
Gold's volatile cousin with industrial demand. Silver positioning amplifies gold moves but adds an industrial cycle dimension. Extreme managed money longs in silver often mark late-stage precious metals rallies. The gold-silver ratio combined with COT data tells you whether this is a monetary or industrial trade.