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Silver IG Client Sentiment: Our data shows traders are now at their most net-long Silver since Dec 08 when Silver traded near 22.44.

Silver IG Client Sentiment: Our data shows traders are now at their most net-long Silver since Dec 08 when Silver traded near 22.44.

Research, Research Team
Silver Client Positioning

Number of traders net-short has decreased by 31.87% from last week.

SYMBOL

TRADING BIAS

NET-LONG%

NET-SHORT%

CHANGE IN LONGS

CHANGE IN SHORTS

CHANGE IN OI

Silver

BEARISH

96.15%

3.85%

2.72% Daily

6.67% Weekly

-17.42% Daily

-31.87% Weekly

1.76% Daily

4.39% Weekly

Silver: Retail trader data shows 96.15% of traders are net-long with the ratio of traders long to short at 24.95 to 1. Our data shows traders are now at their most net-long Silver since Dec 08 when Silver traded near 22.44. The number of traders net-long is 2.72% higher than yesterday and 6.67% higher from last week, while the number of traders net-short is 17.42% lower than yesterday and 31.87% lower from last week.

We typically take a contrarian view to crowd sentiment, and the fact traders are net-long suggests Silver prices may continue to fall.

Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger Silver-bearish contrarian trading bias.

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