Silver
Silver
Week of May 12, 2026
BEARISH
Smart money is net long and buying more.
2Y percentile: 17th — Well below average
Weekly change: +4,918 contracts
Weekly Changes
Producer/Merchant-2.0K
Managed Money+4.9K
Swap Dealer-1.1K
Other Reportable-2.7K
Positioning Percentile (2Y)
Producer/Merchant
87thWell above average
050100
Managed Money
17thWell below average
050100
Swap Dealer
89thWell above average
050100
Other Reportable
1stExtremely low (historically rare)
050100
Full Stats Table
| Trader Type | Net Position | Weekly Change | 2Y Percentile | 5Y Percentile |
|---|---|---|---|---|
| Producer/Merchant | -19.6K | -2.0K | 87th | 92nd |
| Managed Money | +15.8K | +4.9K | 17th | 41st |
| Swap Dealer | -24.0K | -1.1K | 89th | 39th |
| Other Reportable | +10.3K | -2.7K | 1st | 30th |
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.