Friday, November 4, 2011

Silver COT Report 11/4/11

The commercials decreased their silver shorts a net 674 contracts (1,031 new longs and a 357 contract increase in shorts), the equivalent of 3.4 Million ounces in the week ending Tuesday 11/1/11. 
This does contain silver's violent smash in the aftermath of the MF Global failure, where it appears the commercials used the opportunity provided by the forced liquidation of MF Global clients' commodities positions (likely net long) as an opportunity to jump long.  It is noteworthy that the cartel used this forced liquidation/ sell-off to cover shorts/ increase longs, rather than dog-pile into the smash as we would typically in years or even months past.

SILVER COT REPORT 11/1/11



Silver COT Report - Futures
Large Speculators
Commercial
Total
Long
Short
Spreading
Long
Short
Long
Short
24,084
11,910
23,612
39,207
62,049
86,903
97,571
424
-728
2,032
1,031
357
3,487
1,661
Traders
58
41
46
39
42
125
107

Small Speculators




Long
Short
Open Interest



21,772
11,104
108,675



-1,878
-52
1,609



non reportable positions
Change from the previous reporting period

COT Silver Report - Positions as of
Tuesday, November 01, 201





Silver COT Report - Futures & Options Combined
Large Speculators
Commercial
Total
Long
Short
Spreading
Long
Short
Long
Short
24,464
6,685
59,079
53,824
83,404
137,367
149,168
385
-1,103
-33
255
23
607
-1,114
Traders
87
32
75
40
45
152
133

Small Speculators




Long
Short
Open Interest



26,294
14,493
163,661



-1,722
-1
-1,115



non reportable positions
Change from the previous reporting period

COT Silver Report - Positions as of
Tuesday, November 01, 2011