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

Sep 23, 2026 Neutral

Blackrock Silver Extends Silver and Gold to Northwest at Tonopah West

The NW Stepout Drill Program Extends Mineralization Another 600 Metres to the Northwest Along the Projection of the Denver Vein System, and Identifies Mineralized Intrusive Complex Target Vancouver...

Gold Mini (GM) Sep 19, 2026 Neutral

Ximen Mining Corp. Advancing Non-Dilutive Funding for Kenville Gold Mine Portal Development and Announces up to $350,000 Bridge Private Placement

Nelson BC Vancouver, British Columbia--(Newsfile Corp. - September 18, 2026) - Ximen Mining Corp. (TSXV: XIM) (FSE: 1XM) (OTC: XXMMF) (the "Company" or "Ximen") is pleased to provide an update on i...

Gold Mini (GM) Sep 18, 2026 Neutral

Liberty Gold Files Feasibility Study Technical Report for the Black Pine Project in Idaho, USA

VANCOUVER, British Columbia, Sept. 18, 2026 (GLOBE NEWSWIRE) -- Liberty Gold Corp. (TSX: LGD; OTCQX: LGDTF) (“Liberty Gold” or the “Company”) is pleased to announce that further to its news release...

Silver (SI) Sep 18, 2026 Positive

Why Avino Silver (ASM) Outpaced the Stock Market Today

Avino Silver (ASM) reached $6.38 at the closing of the latest trading day, reflecting a +1.43% change compared to its last close.

High Grade Copper (HG) Sep 18, 2026 Neutral

Copper One Expands Phase 2 Drill Program to Up to 10,000 Feet and Engages Evolve Exploration Nevada at Majuba Hill Copper-Silver-Gold Project

VANCOUVER, BC – TheNewswire - September 18, 2026 - Copper One Resources Corp. (CSE: CEXY | OTCID: CEXYF | FSE: IW8 | WKN: A42AGR) (“Copper One” or the “Company”) is pleased to announce that it has ...

Gold Mini (GM) Sep 18, 2026 Neutral

Copper One Expands Phase 2 Drill Program to Up to 10,000 Feet and Engages Evolve Exploration Nevada at Majuba Hill Copper-Silver-Gold Project

VANCOUVER, BC – TheNewswire - September 18, 2026 - Copper One Resources Corp. (CSE: CEXY | OTCID: CEXYF | FSE: IW8 | WKN: A42AGR) (“Copper One” or the “Company”) is pleased to announce that it has ...

Silver (SI) Sep 18, 2026 Neutral

Copper One Expands Phase 2 Drill Program to Up to 10,000 Feet and Engages Evolve Exploration Nevada at Majuba Hill Copper-Silver-Gold Project

VANCOUVER, BC – TheNewswire - September 18, 2026 - Copper One Resources Corp. (CSE: CEXY | OTCID: CEXYF | FSE: IW8 | WKN: A42AGR) (“Copper One” or the “Company”) is pleased to announce that it has ...

Gold Mini (GM) Sep 18, 2026 Positive

The Fed raised rates and gold didn't break: Here's why

Last week we argued that gold investors should stop obsessing over limited US monetary policy moves and start paying attention to the next $1 trillion of U.S. debt.

Gold Mini (GM) Sep 18, 2026 Positive

Wall Street goes full bull on gold price after post-hike gains, Main Street bolsters bullish majority as gold holds $4,300

The latest Kitco News Weekly Gold Survey showed Wall Street unanimously bullish after gold's post-Fed gains, while Main Street bolstered its bullish majority following gold's solid weekly performance.

Gold Mini (GM) Sep 18, 2026 Positive

Gold, silver prices hold weekly gains as oil drops, yields return to 5% - Kitco PM Report

Spot gold and silver prices are higher in late-afternoon U.S. trading Friday, with both metals holding weekly gains as lower oil prices offset part of the pressure from a rebound in Treasury yields...

Silver (SI) Sep 18, 2026 Positive

Gold, silver prices hold weekly gains as oil drops, yields return to 5% - Kitco PM Report

Spot gold and silver prices are higher in late-afternoon U.S. trading Friday, with both metals holding weekly gains as lower oil prices offset part of the pressure from a rebound in Treasury yields...

Gold Mini (GM) Sep 18, 2026 Neutral

Alma Gold Announces Director Resignation

Vancouver, British Columbia--(Newsfile Corp. - September 18, 2026) - Alma Gold Inc. (CSE: ALMA) ("Alma Gold" or the "Company") announces that Dušan Petković has resigned from its board of directors...

Gold Mini (GM) Sep 18, 2026 Positive

Gold Price Forecast: Wedge Breakout Targets $4,973 Zone

Gold's falling-wedge breakout and higher swing low support a potential advance toward the $4,966–$4,973 resistance zone.

Gold Mini (GM) Sep 18, 2026 Neutral

Beauce Gold Fields Announces Flow-Through Financing To Fund Sonic Drilling Of The Saint-Simon-Les-Mines Paleoplacer Gold Channel

September 18, 2026, Montreal, Quebec, Canada – TheNewswire - Beauce Gold Fields (“Champs d'Or en Beauce”) (TSX Venture: BGF), referred to as “BGF” or the “Company,” is pleased to announce that it i...

High Grade Copper (HG) Sep 18, 2026 Neutral

Copper Property CTL Pass Through Trust Releases Q2-2026 Penney Intermediate Holdings LLC Financial Statements and Master Lease Store Performance Disclosures

JERSEY CITY, N.J.--(BUSINESS WIRE)--Copper Property CTL Pass Through Trust (“the Trust”) has filed a Form 8-K containing the Q2-2026 consolidated financial statements of Penney Intermediate Holding...

Silver (SI) Sep 18, 2026 Neutral

Silver Tiger Announces Results of Annual and Special Meeting

HALIFAX, NS / ACCESS Newswire / September 18, 2026 / Silver Tiger Metals Inc. (TSX:SLVR)(OTCQX:SLVTF) ("Silver Tiger" or the "Company") is pleased to announce that at the annual and special meeting...

Gold Mini (GM) Sep 18, 2026 Positive

Gold shrugs off Fed rate hike as deeper forces drive safe-haven demand

A lot more appears to be going on in the gold market than monetary policy alone can explain, as prices continue to hold critical support heading into the weekend, even after the Federal Reserve rai...

Platinum (PL) Sep 18, 2026 Positive

Gold (XAUUSD), Silver, Platinum Forecasts – Gold Tests New Highs As Traders Ignore Rising Treasury Yields

Silver and platinum have also gained strong upside momentum ahead of the weekend.

Silver (SI) Sep 18, 2026 Positive

Gold (XAUUSD), Silver, Platinum Forecasts – Gold Tests New Highs As Traders Ignore Rising Treasury Yields

Silver and platinum have also gained strong upside momentum ahead of the weekend.

High Grade Copper (HG) Sep 18, 2026 Neutral

Lion Copper Corp. Engages ICP Securities Inc. for Automated Market Making Services

Yerington, Nevada--(Newsfile Corp. - September 18, 2026) - Lion Copper Corp. (CSE: LCU) (OTCQB: LCGMD) ("Lion" or the "Company") is pleased to announce that it has engaged the services of ICP Secur...

Silver (SI) Sep 18, 2026 Neutral

Regency Silver to Attend the 2026 Precious Metals Summit Beaver Creek

Vancouver, British Columbia--(Newsfile Corp. - September 18, 2026) - Regency Silver Corp. (TSXV: RSMX) (OTCQB: RSMXF) (FSE: ZJ90) ("Regency Silver" or the "Company") is pleased to announce it will ...

Aluminum Midwest Premium (MWP) Sep 18, 2026 Positive

Prysmian, Rio Tinto partner to bring low-carbon aluminum to Amazon data center

Italian cable maker Prysmian said on Friday it had partnered ​with Rio Tinto to supply ‌electrical cables made with low-carbon aluminium for an Amazon data centre in ​Ohio.

Silver (SI) Sep 18, 2026 Positive

Gold, Silver Gain as Oil Prices Ease & Dollar Weakens: 4 Stocks to Watch

Gold and silver rebound as lower Treasury yields, a weaker dollar and falling oil prices support metals, putting four mining stocks in focus.

Hot Rolled Coil Steel (HRC) Sep 18, 2026 Positive

Steel Dynamics (STLD) Recently Broke Out Above the 50-Day Moving Average

After reaching an important support level, Steel Dynamics (STLD) could be a good stock pick from a technical perspective. STLD surpassed resistance at the 50-day moving average, suggesting a short-...