With the general interest in silver futures - as indicated by the number of open contracts (open interest) - went upwards in the week of 18th February from 132 053 to 135 226 contracts (+2.4%) . Large speculators have made a significant shifts in market positions. The short exposures were reduced and they changed sides.
The cumulative net long position (optimistic market expectation) of large and small speculators has increased from 22,417 to 32,850 contracts. Among large speculators (non-commercials), an increase of 12,634 to 23,532 contracts was observed (+86 per cent), while the net long position of small speculators (Non-Report Ables) has declined from 9,783 to 9,318 futures.
The cumulative net long position (optimistic market expectation) of large and small speculators has increased from 22,417 to 32,850 contracts. Among large speculators (non-commercials), an increase of 12,634 to 23,532 contracts was observed (+86 per cent), while the net long position of small speculators (Non-Report Ables) has declined from 9,783 to 9,318 futures.