NEUTRAL
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Live CFTC

Silver - Commodity Exchange Inc.

084691
MetalsDisaggregated

Signal state

Neutral+6

Generated market from CFTC archives.

Signal layer

Score breakdown

How the +100 to -100 conviction score is calculated

Macro Score

+9 pts

Target Exposure

+6%

Market History

Net Positioning History

Historical net positioning (Longs minus Shorts) for the reference trader group.

Compare Markets
Silver - Commodity Exchange Inc.Managed Money — 6 Month Positioning Report
Report DateLong PositionsShort PositionsChange in LongsChange in ShortsNet PositionsNet Change% OI Long% OI ShortOpen Interest
Max49,52613,967+4,622+2,47537,250+6,72423.4%6.7%244,012
Min11,3033,330-6,807-4,2454,491-7,3575.7%2.1%154,886
13 Per. Avg16,7396,864-1,641-6459,876-9968.3%3.3%199,089
Mar 24, 202614,7273,812+2,096+48210,915+1,6149.4%2.4%156,003
Mar 17, 202612,6313,330-471-519,301-4208.2%2.1%154,886
Mar 10, 202613,1023,381+404-2,0039,721+2,4078.3%2.1%158,665
Mar 3, 202612,6985,384-630+377,314-6678.1%3.4%156,362
Feb 24, 202613,3285,347+2,025+2047,981+1,8217.9%3.2%168,909
Feb 17, 202611,3035,143-354-1,9296,160+1,5755.7%2.6%198,680
Feb 10, 202611,6577,072-516-6104,585+945.8%3.5%200,993
Feb 3, 202612,1737,682-5,531-2,7284,491-2,8035.8%3.7%210,072
Jan 27, 202617,70410,410-2,445+1,5877,294-4,0327.8%4.6%228,415
Jan 20, 202620,1498,823-2,057+1,66211,326-3,7198.3%3.6%244,012
Jan 13, 202622,2067,161-4,170-1,55715,045-2,6139.4%3.0%237,264
Jan 6, 202626,3768,718-3,182-4,24517,658+1,06311.2%3.7%235,097
Dec 30, 202529,55812,963-6,499+77016,595-7,26912.4%5.4%238,801
Dec 23, 202536,05712,193-449-1623,864-43316.1%5.4%224,467
Dec 16, 202536,50612,209-3,337+34424,297-3,68116.2%5.4%224,867
Dec 9, 202539,84311,865+4,622-2,10227,978+6,72418.2%5.4%218,564
Dec 2, 202535,22113,967+2,572+1,44521,254+1,12716.8%6.7%209,714
Nov 25, 202532,64912,522-518+28820,127-80617.5%6.7%186,438
Nov 18, 202533,16712,234-2,192+41520,933-2,60715.4%5.7%215,468
Nov 10, 202535,35911,819+2,624-1,33923,540+3,96316.3%5.4%217,297
Nov 4, 202532,73513,158-644+2,47519,577-3,11915.9%6.4%205,599
Oct 28, 202533,37910,683+1,433-2,72622,696+4,15915.9%5.1%209,443
Oct 21, 202531,94613,409-6,778-35218,537-6,42613.6%5.7%235,573
Oct 14, 202538,72413,761-3,995+93524,963-4,93016.0%5.7%241,744
Oct 7, 202542,71912,826-6,807+55029,893-7,35719.3%5.8%221,322
Sep 30, 202549,52612,276+0+037,250+023.4%5.8%211,830

COT report

Longs vs shorts by trader category — week by week

Browse the official CFTC report week by week to see how each trader group's positioning has shifted. The WoW Δ column shows the net contract change from the prior week.

Mar 24, 2026(Latest)
Open interest: 156,003 contractsWeek 1 of 26
Trader typeLongShortNetLong % OIShort % OINet % OIWoW Δ Net

Managed Money

Reference group used for the main bias model

14,7273,81210,915+9.4%+2.4%+7.0%+1,614

Swap Dealers

20,93443,933-22,999+13.4%+28.2%-14.7%-627

Nonreportable

27,49811,95115,547+17.6%+7.7%+10.0%-673

Producer Merchant

4,36519,724-15,359+2.8%+12.6%-9.8%-476

Other Reportables

16,9525,05511,897+10.9%+3.2%+7.6%+162

Interpretation layer

Why the terminal reads this market the way it does

The platform turns the underlying scores into a readable narrative: pressure, confirmation, macro support, and crowding.

Positioning pressure

Positioning is neutral this week. This week looks steady versus the recent range.

Trend check

Price trend is flat, so momentum is not adding much confirmation yet.

Macro check

Macro conditions are mostly neutral right now.

Crowding

Positioning looks balanced rather than crowded.

Current positioning

Positioning is neutral this week. Positioning looks balanced rather than crowded. Managed Money is currently net long by 10,915 contracts.

Macro regime

Macro conditions are mostly neutral for Silver - Commodity Exchange Inc..

Replay summary

Mixed regime. Positioning is neutral this week. Price trend is flat, so momentum is not adding much confirmation yet. Macro conditions are mostly neutral right now.