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Silver

SILVER · COMMODITY EXCHANGE INC. · CFTC code 084691 · week ending 2026-10-06

Trader category
Range

Managed Money is net long 7.2% of open interest — elevated on the short side

Managed Money holds a net position of 7,528 contracts, or 7.2% of the 105,130 contracts of open interest, leaving the category net long. That is meaningfully below its three-year average, though short of an extreme (z = −1.11 and sits at 37 on a 0–100 scale of its three-year range). In contracts, the net position moved −86 while open interest moved −1,917 — long liquidation, with longs closing out rather than new sellers arriving. As a share of open interest it nonetheless rose 0.05pp, because open interest shrank faster than the position did.

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
2026-10-06 105,130 7,528 7.16% 0.05 -1.11 37
2026-09-29 107,047 7,614 7.11% -5.39 -1.09 37
2026-09-22 106,474 13,309 12.50% -0.15 -0.37 53
2026-09-15 103,745 13,124 12.65% -1.28 -0.34 53
2026-09-08 103,250 14,386 13.93% 1.86 -0.16 57
2026-09-01 104,362 12,598 12.07% -0.29 -0.39 51
2026-08-25 113,801 14,073 12.37% 2.63 -0.35 52
2026-08-18 120,117 11,695 9.74% 0.04 -0.68 45
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