Net-long Positions for Silver Futures Speculators Mark Second Weekly Rise
Forbes reported that net-long positions for large speculators in silver futures and options on the COMEX division of the New York Mercantile Exchange went up for the second consecutive week.
Forbes reported that net-long positions for large speculators in silver futures and options on the COMEX division of the New York Mercantile Exchange went up for the second consecutive week.
As quoted in the market report:
The silver net-long position for the managed-money accounts rose again on a combination of new bullish positions (adding 88 contracts) and closing out bearish ones (cutting 853 contracts). They are now net-long 4,705 contracts. Producers trimmed their net-short position, having added slightly more gross longs than shorts. Swap dealers added to their net-long position by adding gross longs and cutting gross shorts.
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