Silver

SILVER · COMMODITY EXCHANGE INC. · CFTC code 084691 · week ending 2026-08-11

Trader category

Range

Managed Money is net long 9.7% of open interest

Managed Money holds a net position of 11,158 contracts, or 9.7% of the 115,127 contracts of open interest, leaving the category net long. That is within the normal range of the last three years (z = −0.67 and sits at 45 on a 0–100 scale of its three-year range). In contracts, the net position moved −816 while open interest moved +3,128 — new shorts entering, with fresh money taking the short side as open interest grew. That is −1.00pp as a share of open interest.

Net position as a share of open interest

Managed Money · blue above the line is net long, red below is net short

Open interest

The denominator. Positioning shares mean little without knowing whether the market itself is growing or shrinking.

Z-score vs its own 3-year history

Shaded beyond ±2σ. Measures how unusual today's share is for this market.

COT Index (0–100)

Rank within the 3-year range. Shaded below 10 and above 90.

Weekly flow, adjusted for open interest

Change in the net share week over week, in percentage points of open interest.

Who is on the other side

Net share of open interest by trader group. The groups net to zero — every long is someone's short.

Producer / Merchant Swap Dealer Managed Money Other Reportable Non-Reportable

Recent weeks (table view)

Week	Open interest	Net	Net % OI	Δ pp	Z	COT Idx
2026-08-11	115,127	11,158	9.69%	-1.00	-0.67	45
2026-08-04	111,999	11,974	10.69%	2.09	-0.52	47
2026-07-28	106,719	9,182	8.60%	-2.00	-0.76	42
2026-07-21	106,410	11,282	10.60%	-0.35	-0.52	47
2026-07-14	105,023	11,501	10.95%	-1.64	-0.48	48
2026-07-07	104,859	13,201	12.59%	-0.06	-0.29	53
2026-06-30	108,964	13,782	12.65%	1.87	-0.27	53
2026-06-23	108,944	11,741	10.78%	-1.18	-0.49	48
2026-06-16	107,721	12,885	11.96%	1.90	-0.35	51
2026-06-09	103,440	10,403	10.06%	-0.10	-0.57	46
2026-06-02	102,809	10,444	10.16%	0.28	-0.56	46
2026-05-26	101,744	10,055	9.88%	-1.60	-0.59	45