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) Jul 04, 2026 Neutral

QcX Gold Announces Proposed Debt Settlement

Toronto, Ontario--(Newsfile Corp. - July 3, 2026) - QcX Gold Corp. (TSXV: QCX) (OTC Pink: QCXGF) (FSE: 21MA) ("QcX" or the "Company") announces that it intends to settle an aggregate of $272,088.34...

Gold Mini (GM) Jul 03, 2026 Neutral

Dynasty Gold Grants Stock Options

Vancouver, British Columbia--(Newsfile Corp. - July 3, 2026) - Dynasty Gold Corp. (TSXV: DYG) (FSE: D5G1) (OTC Pink: DGDCF) ("Dynasty" or the "Company") announces that, subject to the Exchange's ap...

High Grade Copper (HG) Jul 03, 2026 Neutral

Copper One Drilling Update: Breccia Targeting for 2026 Planned Drill Holes

Vancouver, BC – July 3, 2026 - TheNewswire – Copper One Resources Corp. ("Copper One" or the "Company") (CSE:CEXY | OTCID:CEXYF | FSE:IW8 |WKN: A42AGR) is pleased to provide this drilling update fo...

Gold Mini (GM) Jul 03, 2026 Neutral

Cambria Gold Mines Announces Issuance of Interest Shares to Nebari

Vancouver, British Columbia--(Newsfile Corp. - July 3, 2026) - Cambria Gold Mines Inc. (TSXV: CAMB) (OTCQX: CAMVF) ("Cambria" or the "Company") announces that further to the Company's December 30, ...

Gold Mini (GM) Jul 03, 2026 Neutral

Harvest Gold Completes Second Payment For Audet-Robert Claim Blocks

vANCOUIVER , British Columbia / July 3 , 2026 ‑ TheNewswire - Harvest Gold Corporation (TSXV: HVG) (“Harvest Gold” or the “Company”) announces that, further to its news releases of March 12, 2026 a...

Gold Mini (GM) Jul 03, 2026 Positive

Gold and silver hold post-NFP gains as hike bets move out - Kitco PM Report

Spot gold and silver prices are sharply higher late Friday in North American trade, as Thursday's weaker-than-expected U.S. employment report continued to pressure the dollar and support precious m...

Silver (SI) Jul 03, 2026 Positive

Gold and silver hold post-NFP gains as hike bets move out - Kitco PM Report

Spot gold and silver prices are sharply higher late Friday in North American trade, as Thursday's weaker-than-expected U.S. employment report continued to pressure the dollar and support precious m...

Gold Mini (GM) Jul 03, 2026 Neutral

Westward Gold Announces Grant of Stock Options & RSUs

Vancouver, British Columbia, July 3, 2026 – TheNewswire – Westward Gold Inc. (CSE: WG, OTCQB: WGLIF, FSE: IM50) (“Westward” or the “Company”) announces that its Compensation and Corporate Governanc...

Gold Mini (GM) Jul 03, 2026 Positive

Gold (XAU/USD) Price Forecast: Above Trendline Signals Recovery

Gold regained its 20-day moving average and rising trendline support, signaling early stabilization as traders eye resistance near the 50-day moving average and swing highs.

Gold Mini (GM) Jul 03, 2026 Positive

Central banks boost gold reserves with net 41 tonnes purchased in May – World Gold Council

Sovereign demand for gold shot higher in May, with central bank purchases reaching the second-highest level of the year, surpassed only to February's outsized performance, according to the latest d...

Gold Mini (GM) Jul 03, 2026 Neutral

Trifecta Gold Announces Closing of $1.66 Million Private Placement

NOT FOR DISSEMINATION OR DISTRIBUTION IN THE UNITED STATES AND NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES VANCOUVER, BC / ACCESS Newswire / July 3, 2026 / Trifecta Gold Ltd. (TSXV:TG)(...

Gold Mini (GM) Jul 03, 2026 Positive

Gold (XAUUSD), Silver, Platinum Forecasts – Gold Rallies As Rebound Continues

Recent changes in Fed policy outlook provided strong support to gold markets.

Platinum (PL) Jul 03, 2026 Positive

Gold (XAUUSD), Silver, Platinum Forecasts – Gold Rallies As Rebound Continues

Recent changes in Fed policy outlook provided strong support to gold markets.

Silver (SI) Jul 03, 2026 Positive

Gold (XAUUSD), Silver, Platinum Forecasts – Gold Rallies As Rebound Continues

Recent changes in Fed policy outlook provided strong support to gold markets.

Silver (SI) Jul 03, 2026 Positive

Gold and Silver Recovery—3 Precious Metals Stocks for H2 2026

After climbing to an all-time high of over $5,300 per troy ounce in January 2026, the spot price of gold dropped to around $4,100 on July 1, punctuated by a 10% drop in June. That was its fourth st...

Silver (SI) Jul 03, 2026 Negative

Sprott Gold Miners vs Global X Silver Miners: Which Precious Metal Producer ETF Should You Buy?

Sprott Gold Miners ETF offers a lower expense ratio of 0.46% compared to 0.65% for Global X - Silver Miners ETF Global X Silver Miners ETF provides pure-play exposure to global silver mining, while...

Silver (SI) Jul 03, 2026 Neutral

Guanajuato Silver Announces AGM Results

VANCOUVER, BC / ACCESS Newswire / July 3, 2026 / Guanajuato Silver Company Ltd. (the "Company" or "GSilver") (TSXV:GSVR)(OTCQX:GSVRF) reports that the nominees listed in the management information ...

High Grade Copper (HG) Jul 03, 2026 Neutral

Oreterra Geological Staff Mobilize to Trek South Copper-Gold Prospect, Golden Triangle, BC, to Prepare for Maiden Drill Program

Toronto, Ontario--(Newsfile Corp. - July 3, 2026) - Oreterra Metals Corp. (TSXV: OTMC) (OTCID: OTMCF) (FSE: D4R0) (WKN: A421RQ) ("Oreterra" or the "Company") is pleased to report that its geologica...

Silver (SI) Jul 03, 2026 Positive

Contango Silver & Gold: The DSO Model Is Becoming A Real Platform

Contango Silver & Gold is evolving into a repeatable direct-shipping-ore platform, leveraging Manh Choh cash flow to fund high-grade projects. CTGO's DSO model enables self-funded growth, reducing ...

Silver (SI) Jul 03, 2026 Neutral

Regency Silver Announces 2026 Annual General and Special Meeting Results

Vancouver, British Columbia--(Newsfile Corp. - July 3, 2026) - Regency Silver Corp. (TSXV: RSMX) (OTCQB: RSMXF) (FSE: ZJ90) ("Regency Silver" or the "Company") is pleased to announce the results of...

Silver (SI) Jul 03, 2026 Neutral

Gold (XAUUSD) & Silver Price Forecast: Central Bank Buying Supports Gold at $4,175 After NFP — Silver Holds $60.05?

Gold and silver focused on technical recoveries as central banks maintained net purchases following today's nonfarm payrolls. Gold broke $4,175 trendline while silver traded at $60.05.

Silver (SI) Jul 03, 2026 Positive

Gold and Silver Price Forecast: Weak NFP Data Revives Bullish Setup

Gold and silver prices rebound as weak U.S. jobs data weighs on the dollar and Treasury yields, while key breakout levels may decide the next major move.

Silver (SI) Jul 02, 2026 Positive

Gold and silver gain as NFP miss pushes hike bets out - Kitco PM Report

Spot gold and silver prices are higher after the North American cash-market close Thursday, as a weaker-than-expected June payrolls report pushed the U.S. dollar lower, eased near-term Federal Rese...

High Grade Copper (HG) Jul 02, 2026 Neutral

Ero Copper to Release Second Quarter 2026 Operating and Financial Results on August 5, 2026

VANCOUVER, British Columbia, July 02, 2026 (GLOBE NEWSWIRE) -- Ero Copper Corp. (TSX: ERO, NYSE: ERO) ("Ero" or the “Company”) will publish its second quarter 2026 operating and financial results o...