Gold & Silver COTs

Recent commitment of traders reports showed hedge funds and other speculators remain somewhat unmoved on the overall Precious Metals sector. Positioning currently stands at 76,600 net long contracts on Gold and 18,200 net long contracts on Silver (let us not forget that the data is delayed by a whole week due to the US government shutdown). The chart above shows that speculators have been adding exposure towards metals for a few weeks now. Public opinion on alternative currencies like Gold and Silver is now around neutral levels from the depressed levels witnessed during the summer doldrums, as prices found a trough.

nov4goldcot

nov4silvercot