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FIG 01 — METALS · SI

Silver Positioning

Managed Money net

14,386

WoW change

+1,788

Open interest

103,250

3Y index

40

52w: 30

FIG 02 — NET POSITIONING · 3 YEARS · SHADED = 52W SPEC RANGE

Managed MoneyProducers & Merchants
+0k-43.9k+49.5k2023-06-132026-09-08

FIG 03 — WEEK-OVER-WEEK CHANGE · MANAGED MONEY · 26 WEEKS

02026-03-172026-09-08

FIG 04 — READ

What this week's report says

Managed money added 1,992 long contracts and added 204 short contracts in Silver this week — a net bullish shift of +1,788 contracts. They remain net long overall.

Managed money and producers & merchants moved in opposite directions this week — speculative and institutional flows disagree on Silver.

Open interest fell while positioning shifted — traders are closing exposure rather than adding, which weakens the signal.

Data as of Tue 2026-09-08 · source CFTC Disaggregated report · next update 2026-09-18