Silver
Silver
Week of August 11, 2026
BEARISH
Smart money is net long and reducing.
2Y percentile: 17th — Well below average
Weekly change: -816 contracts
Weekly Changes
Producer/Merchant-2.9K
Managed Money-816
Swap Dealer-686
Other Reportable+2.2K
Positioning Percentile (2Y)
Producer/Merchant
89thWell above average
050100
Managed Money
17thWell below average
050100
Swap Dealer
65thAbove average
050100
Other Reportable
10thExtremely low (historically rare)
050100
Full Stats Table
| Trader Type | Net Position | Weekly Change | 2Y Percentile | 5Y Percentile |
|---|---|---|---|---|
| Producer/Merchant | -15.9K | -2.9K | 89th | 96th |
| Managed Money | +11.2K | -816 | 17th | 35th |
| Swap Dealer | -28.0K | -686 | 65th | 33rd |
| Other Reportable | +12.5K | +2.2K | 10th | 38th |
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.