Silver
Silver
Week of September 29, 2026
BEARISH
Smart money is net long and reducing.
2Y percentile: 3rd, Extremely low (historically rare)
Weekly change: -5,695 contracts
Weekly Changes
Producer/Merchant+2.0K
Managed Money-5.7K
Swap Dealer+2.7K
Other Reportable+2.3K
Positioning Percentile (2Y)
Producer/Merchant
85thWell above average
050100
Managed Money
3rdExtremely low (historically rare)
050100
Swap Dealer
88thWell above average
050100
Other Reportable
37thBelow average
050100
Full Stats Table
| Trader Type | Net Position | Weekly Change | 2Y Percentile | 5Y Percentile |
|---|---|---|---|---|
| Producer/Merchant | -16.5K | +2.0K | 85th | 94th |
| Managed Money | +7.6K | -5.7K | 3rd | 23rd |
| Swap Dealer | -23.5K | +2.7K | 88th | 46th |
| Other Reportable | +14.5K | +2.3K | 37th | 52nd |
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.