Here is Ed Steer's view of COT report, going in the right direction but still bearish.The Commercial net short position in silver now stands at 64,529 COMEX contracts/322.645 million troy ounces...down those 7,611 contracts from the 72,140 COMEX contracts/360.700 million troy ounces they were short in the August 30 COT Report.
The Big 4 shorts actually increased their net short position, but only by 59 contracts, up to 51,323 contracts during the reporting week...from the 51,264 contracts they were short in last Friday's COT Report...which is obviously still hugely bearish.
The Big '5 through 8' shorts decreased their net short position by 1,664 contracts ...from the 23,791 contracts in last Friday's COT Report, down to 22,127 contracts in yesterday's COT Report. That's about 9,500 contracts more than they 'normally' hold short.
The Big 8 commercial shorts in total decreased their overall net short position from 75,055 contracts, down to 73,450 COMEX contracts week-over-week...a decline of only 1,605 COMEX contracts.
That 73,450 contract short position held by the Big 8 is hugely bearish, when you consider the fact that they were short only 53,041 contracts in the October 27, 2023 COT Report.
Making up the difference between the change in the commercial net short position...7,611 contracts -- and what the Big 8 traders did...1,605 contracts... Ted's raptors, the small commercial traders other than the Big 8, were the biggest buyers of all during this past reporting week...increasing their long position from the 2,915 contracts they held last week...up to the 8,921 contracts they were long in yesterday's COT Report...an increase of 6,006 contracts.
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Last
3.5¢ |
Change
0.001(2.94%) |
Mkt cap ! $55.61M |
Open | High | Low | Value | Volume |
3.4¢ | 3.5¢ | 3.4¢ | $26.96K | 792.5K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
6 | 360000 | 3.3¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
3.5¢ | 325517 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
6 | 360000 | 0.033 |
1 | 242815 | 0.032 |
2 | 450000 | 0.031 |
10 | 885859 | 0.030 |
6 | 606355 | 0.029 |
Price($) | Vol. | No. |
---|---|---|
0.035 | 325517 | 3 |
0.036 | 596637 | 3 |
0.037 | 554120 | 3 |
0.038 | 520000 | 3 |
0.039 | 309800 | 3 |
Last trade - 16.10pm 11/09/2024 (20 minute delay) ? |
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