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

Oct 13, 2026 Neutral

Blackrock Silver Announces Graduation to the Toronto Stock Exchange

Vancouver, British Columbia--(Newsfile Corp. - October 13, 2026) - Blackrock Silver Corp. (TSXV: BRC) (OTCQX: BKRRF) (FSE: AHZ0) (the "Company" or "Blackrock") is pleased to announce that the commo...

Silver (SI) Oct 10, 2026 Neutral

Bayhorse Silver Engages Red Cloud Financial Services

Vancouver, British Columbia--(Newsfile Corp. - October 9, 2026) - Bayhorse Silver Inc, (TSXV: BHS) (OTCQB: BHSIF) (FSE: 7KXN) (the "Company" or "Bayhorse") is pleased to announce that, subject to T...

Silver (SI) Oct 09, 2026 Positive

Avino Silver (ASM) Surpasses Market Returns: Some Facts Worth Knowing

The latest trading day saw Avino Silver (ASM) settling at $5.55, representing a +1.65% change from its previous close.

Silver (SI) Oct 09, 2026 Neutral

VIZSLA SILVER ANNOUNCES RESULTS OF ANNUAL GENERAL AND SPECIAL MEETING

VANCOUVER, BC, Oct. 9, 2026 /PRNewswire/ -- Vizsla Silver Corp. (TSX: VZLA) (NYSE: VZLA) (Frankfurt: 0G31) ("Vizsla Silver" or the "Company") is pleased to announce the results of the Company's ann...

Gold Mini (GM) Oct 09, 2026 Neutral

Japan Gold Provides Clarification on Upcoming Annual General Meeting Procedure

Vancouver, British Columbia--(Newsfile Corp. - October 9, 2026) - Japan Gold Corp. (TSXV: JG) (OTCQB: JGLDF) ("Japan Gold" or the "Company") is providing an update, at the request of Institutional ...

Gold Mini (GM) Oct 09, 2026 Positive

Gold tests $4,200 as weak sentiment offsets sticky inflation expectations - Kitco PM Report

Spot gold and silver prices were sharply higher in late U.S. trading Friday, as a softer dollar earlier in the session, a pullback from this week's Treasury-yield extremes and bargain buying helped...

Gold Mini (GM) Oct 09, 2026 Positive

Gold (XAU/USD) Price Forecast: $4,226 Breakout Could Reverse Downtrend

Gold tests key resistance as a falling wedge points to a potential trend reversal, with a breakout opening the way toward $4,697 and a projected $4,821 target.

Gold Mini (GM) Oct 09, 2026 Neutral

Trans Canada Gold Closes First Tranche of Non-Brokered Private Placement for Gross Proceeds of CDN $2,144,720

VANCOUVER, BC / ACCESS Newswire / October 9, 2026 / Trans Canada Gold Corp. (TSXV:TTG)(OTCQB:TTGXF) ("Trans Canada" or the "Company"), is pleased to announce that it has closed the first tranche of...

Gold Mini (GM) Oct 09, 2026 Neutral

Gold price holds critical $4,100 support, but can it break $4,200 as inflation risks loom?

The gold market may not be ready to break out to the upside as it encounters initial resistance at $4,200 an ounce, but there is still optimism among analysts as prices manage to hold support above...

Silver (SI) Oct 09, 2026 Neutral

Blende Silver Closes $2,672,500 Private Placement Over Subscribed

October 9, 2026 – TheNewswire - Vancouver, Canada - Blende Silver Corp. (the “Company”) (TSX.V: BAG) (OTC: BAGGF) (WKN: A2QKT9) (FSE: BCW1) announces it has closed its non-brokered private placemen...

Gold Mini (GM) Oct 09, 2026 Positive

Gold (XAUUSD), Silver, Platinum – Gold Tests $4200 Amid Broad Rally In Precious Metals Markets

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

Platinum (PL) Oct 09, 2026 Positive

Gold (XAUUSD), Silver, Platinum – Gold Tests $4200 Amid Broad Rally In Precious Metals Markets

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

Silver (SI) Oct 09, 2026 Positive

Gold (XAUUSD), Silver, Platinum – Gold Tests $4200 Amid Broad Rally In Precious Metals Markets

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

Gold Mini (GM) Oct 09, 2026 Positive

Frank Talk: Gold miners beat every S&P 500 sector in Q3 despite September selloff

Gold prices took a hit in September, but gold mining stocks tell a different story. The sector delivered a 17.4% return in the third quarter, outperforming every S&P 500 sector and leaving the broa...

Gold Mini (GM) Oct 09, 2026 Positive

Gold Rises Over 1%; US Consumer Sentiment Falls

U.S. stocks traded higher midway through trading, with the Nasdaq Composite gaining over 100 points on Friday.

High Grade Copper (HG) Oct 09, 2026 Positive

Here's Why Southern Copper (SCCO) is a Strong Growth Stock

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.

Gold Mini (GM) Oct 09, 2026 Neutral

Gold Weekly Price Forecast – Gold Continues to Test Demand Zone

The gold market continues to see a lot of interest rate noise, as we are looking at a market that is fighting the negative effect of higher rates on this non-yielding asset. This correlation contin...

Gold Mini (GM) Oct 09, 2026 Positive

Gold price trades near high after preliminary Consumer Sentiment falls to 46.3, inflation expectations rise

The gold market is trading not far from session highs after the latest data showed consumer sentiment in the U.S. declining further, with inflation expectations rising higher.The University of Mich...

Silver (SI) Oct 09, 2026 Positive

Gold, silver rebound as dollar, yields and oil ease - Kitco AM Report

Spot gold prices are sharply higher and spot silver prices are also solidly higher in early U.S. trading Friday, as a softer U.S. dollar, easing Treasury yields and a pullback in oil prices helped ...

Silver (SI) Oct 09, 2026 Neutral

Trinity Silver Provides Procedural Update on Silver-1

Vancouver, British Columbia--(Newsfile Corp. - October 9, 2026) - Trinity Silver Corp. (TSXV: TOM) ("Trinity" or the "Company") provides the following update on legal and administrative matters con...

High Grade Copper (HG) Oct 09, 2026 Neutral

CEO.CA's Inside the Boardroom: Hayasa Metals on Major Partner Sole-Funding $10M+ Copper Exploration in Armenia

Toronto, Ontario--(Newsfile Corp. - October 9, 2026) - CEO.CA ("CEO.CA"), the leading investor social network in junior resource and venture stocks, shares exclusive updates with CEOs of junior min...

High Grade Copper (HG) Oct 09, 2026 Neutral

King Copper Selects Drill Contractor for Inaugural Drill Program at Colquemayo

VANCOUVER, British Columbia,, Oct. 09, 2026 (GLOBE NEWSWIRE) -- King Copper Discovery Corp. (TSX-V: KCP, OTCQB: TBXXF, FSE: 3RI0) (“King Copper” or the “Company”) announces that its Peruvian operat...

Silver (SI) Oct 09, 2026 Positive

Gold (XAUUSD) & Silver Price Forecast: Gold Breaks $4,184, Can Silver Clear $61.72?

Gold breaks above $4,184 as softer yields and record ETF inflows support recovery, while silver reclaims $59.96 and targets $61.72 resistance.

High Grade Copper (HG) Oct 09, 2026 Negative

COPP: Copper Backwardation Meets A Pullback Toward Its 200-Day Average

Sprott Copper Miners ETF is rated "Buy", with accumulation recommended in tranches near the $39.94–40.70 area, leveraging technical support. COPP benefits from a tight copper market, projected defi...