COT Reports / Metals

Metals
The COT Report for Metals shows the positioning of major market participants (banks, funds, producers). Extreme positioning can indicate potential market trend reversals.

Understand how big banks, hedge funds, and commercials are positioning themselves in Metals. Analyze institutional money flows to identify historical extremes and gain a deeper understanding of underlying market dynamics.

How to Read Metal Data

Commercial Hedging: In metals like Gold or Silver, "Commercials" are typically mining companies and producers. They are almost always net-short because they need to lock in prices for their future production. When you see their net-short position shrink unusually fast, it can be a strong bullish signal, indicating they don't feel the need to hedge against falling prices.

Speculative Extremes: Hedge funds ("Non-Commercials") act as trend followers. Whenever their net-long positions hit historically extreme highs, the market is often ripe for a sharp correction.

Aluminum Midwest Premium (MWP)

MWP

Tracks the Aluminum Midwest Premium, a benchmark for physical aluminum pricing representing the logistics cost of delivering the metal to the US.

Gold (GC)

GC

Tracks the standard 100-ounce Gold contract, widely viewed as a premier safe-haven asset, inflation hedge, and store of value by institutions.

Gold Mini (GM)

GM

Tracks the E-Micro Gold contract. At 1/10th the size of the standard (10 ounces), it allows retail traders access to the premier safe-haven asset.

High Grade Copper (HG)

HG

Tracks the standard 25,000-pound Copper contract ('Doctor Copper'). Essential for green tech and a leading indicator of global economic manufacturing.

Hot Rolled Coil Steel (HRC)

HRC

Tracks Hot Rolled Coil Steel futures, the benchmark for US steel prices and a vital input for construction, automotive, and heavy manufacturing.

Palladium (PA)

PA

Tracks Palladium futures. A rare, vital industrial metal used overwhelmingly by the automotive industry for catalytic converters to reduce emissions.

Platinum (PL)

PL

Tracks Platinum futures. A dense, highly valued precious and industrial metal used heavily in automotive catalytic converters and jewelry.

Silver (SI)

SI

Tracks the standard 5,000-ounce Silver contract, a highly volatile commodity functioning dualistically as a precious and industrial metal.

Latest Metal News

Gold Mini (GM) Jun 05, 2026 Negative

What's next for gold after the 200-day moving average breaks?

Gold and silver investors aren't heading into the weekend with much to feel good about.

Gold Mini (GM) Jun 05, 2026 Negative

Gold and silver tumble after hot jobs print lifts dollar, Treasury yields - Kitco PM Report

Spot gold and silver prices are sharply lower in late-afternoon U.S. trading Friday, after a stronger-than-expected May jobs report lifted Treasury yields, firmed the U.S. dollar and triggered heav...

Silver (SI) Jun 05, 2026 Negative

Gold and silver tumble after hot jobs print lifts dollar, Treasury yields - Kitco PM Report

Spot gold and silver prices are sharply lower in late-afternoon U.S. trading Friday, after a stronger-than-expected May jobs report lifted Treasury yields, firmed the U.S. dollar and triggered heav...

Gold Mini (GM) Jun 05, 2026 Neutral

Gold (XAU/USD) Price Forecast: Sellers Dominate After 200-Day Breakdown

Gold extends its bearish breakdown below key support levels and the 200-day moving average, with sellers in control and downside targets now in focus.

Aluminum Midwest Premium (MWP) Jun 05, 2026 Neutral

Century Aluminum to Participate in Wells Fargo Industrials and Materials Conference 2026

CHICAGO, June 05, 2026 (GLOBE NEWSWIRE) -- Century Aluminum Company (NASDAQ: CENX) today announced that Jesse Gary, Century's President and Chief Executive Officer, will present and participate in ...

Gold Mini (GM) Jun 05, 2026 Neutral

Fortitude Gold Closes $5.5 Million Private Placement Funding Heap Leach Pad Expansion

COLORADO SPRINGS, CO / ACCESS Newswire / June 5, 2026 / Fortitude Gold Corp. (OTCQB:FTCO) (the "Company") announced the closing of a $5.5 million USD Private Placement, selling 1.15 million unregis...

High Grade Copper (HG) Jun 05, 2026 Neutral

Copper Property CTL Pass Through Trust Issues Monthly Reporting Package for May 2026

JERSEY CITY, N.J.--(BUSINESS WIRE)--Copper Property CTL Pass Through Trust (“the Trust”) has filed a Form 8-K containing its monthly report for the period ended May 31, 2026. An aggregate total dis...

Silver (SI) Jun 05, 2026 Neutral

Sunshine Silver Mining & Refining Announces Closing of Initial Public Offering, Including Full Exercise of Over-Allotment Option

KELLOGG, Idaho, June 5, 2026 /PRNewswire/ -- Sunshine Silver Mining & Refining Company (the "Company" or "Sunshine") today announced the closing of its initial public offering of 23,000,000 shares ...

Gold Mini (GM) Jun 05, 2026 Positive

Gold breaks below key technical support, but analysts see a buying opportunity

Inflation fears on multiple fronts have taken their toll on the gold market, with prices breaking below a critical long-term support level.

Gold Mini (GM) Jun 05, 2026 Negative

Gold (XAUUSD), Silver, Platinum Forecasts – Gold Dives 3% As Traders Bet On Hawkish Fed

Strong U.S. job market data triggered a sell-off in precious metals markets.

Platinum (PL) Jun 05, 2026 Negative

Gold (XAUUSD), Silver, Platinum Forecasts – Gold Dives 3% As Traders Bet On Hawkish Fed

Strong U.S. job market data triggered a sell-off in precious metals markets.

Silver (SI) Jun 05, 2026 Negative

Gold (XAUUSD), Silver, Platinum Forecasts – Gold Dives 3% As Traders Bet On Hawkish Fed

Strong U.S. job market data triggered a sell-off in precious metals markets.

Gold Mini (GM) Jun 05, 2026 Negative

Gold Weekly Price Analysis – Gold Has a Tough Week as Rates Jump

The gold market fell hard for the week, as interest rates continue to cause issues.

Gold Mini (GM) Jun 05, 2026 Negative

Why Is Royal Gold (RGLD) Down 5.4% Since Last Earnings Report?

Royal Gold (RGLD) reported earnings 30 days ago. What's next for the stock?

Gold Mini (GM) Jun 05, 2026 Neutral

Gold and Antimony in One Permit: Rua Gold's Positive PEA Lands in a Fast-Track Jurisdiction

Issued on behalf of Rua Gold Inc. (TSX: RUA) (NZX: RGI) (OTCQX: NZAUF) (FSE: X9R) Issued on behalf of Rua Gold Inc. (TSX: RUA) (NZX: RGI) (OTCQX: NZAUF) (FSE: X9R)

Gold Mini (GM) Jun 05, 2026 Neutral

The gold chart looks precarious. Here's how to profit

Gold is at a technically precarious juncture, and the good news for you is that options market may be mispricing the risk.

Silver (SI) Jun 05, 2026 Negative

Gold And Silver Hit Lowest Prices In Months After Strong Jobs Report

The last time gold and silver shed this much value was in late March, when gold hit a low around $4,400 and silver fell to as low as $67. Analysts blamed that price crash on mixed signals about Ira...

Silver (SI) Jun 05, 2026 Neutral

Pan American Silver Corp. (PAAS:CA) Analyst/Investor Day Transcript

Pan American Silver Corp. (PAAS:CA) Analyst/Investor Day Transcript

Silver (SI) Jun 05, 2026 Neutral

Silver Spruce Resources Inc. Provides an Update on the Jackie Project Acquisition

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES BEDFORD, NS / ACCESS Newswire / June 5, 2026 / Silver Spruce Resources Inc. ("Silver Spruce" or the...

High Grade Copper (HG) Jun 05, 2026 Positive

Why Southern Copper (SCCO) is a Top Growth Stock for the Long-Term

The Zacks Style Scores offers investors a way to easily find top-rated stocks based on their investing style. Here's why you should take advantage.

High Grade Copper (HG) Jun 05, 2026 Neutral

Viridian Metals Highlights Copper-Rich Zones up to 4.15% Cu at Kraken Ahead of 2026 Drill Program

OTTAWA, Ontario, June 05, 2026 (GLOBE NEWSWIRE) -- Viridian Metals Inc. (CSE: VRDN) (“Viridian” or the “Company”) is advancing plans to target high-grade copper-rich zones identified within the Kra...

Silver (SI) Jun 05, 2026 Negative

Gold (XAUUSD) & Silver Price Forecast: Gold Tumbles Under $4,500 as Silver Slips to $72 — More Pain Ahead?

The ongoing US-Iran ceasefire allowed gold and silver to react to technical breakdowns. Gold accelerated lower below $4,500 with strong bearish continuation while silver traded at $72.73.

Silver (SI) Jun 05, 2026 Neutral

Gold and Silver Price Forecast: Price Compression Builds Ahead of NFP Data

Gold and silver remain under pressure as traders wait for the U.S. nonfarm payrolls report to define the next major move. Gold remains weak below key resistance, while a break below support could t...

High Grade Copper (HG) Jun 04, 2026 Positive

Deglobalization sparks race for strategic resources, driving gold and copper outlook - Sohn Montreal

A shift in the global economic order is triggering a worldwide race for physical resources, creating the conditions for a sustained commodity bull market and reinforcing gold's role as a critical r...