COT Reports / Metals / SI

Silver (SI): COT Report, Price & Analysis SI

Track how "Smart Money" institutions are positioning themselves in Silver (SI). By analyzing the latest Commitments of Traders (COT) data from the SILVER - COMMODITY EXCHANGE INC., with real-time price charts and sector comparisons, we provide a deep dive into the current market dynamics. Understanding these underlying shifts allows you to better anticipate where the market might be heading next.

About Silver (SI)

About Silver

Silver is a unique commodity functioning as both a precious metal (store of wealth) and a highly demanded industrial metal. Contracts include:

  • Standard Silver (SI): The massive 5,000-ounce contract.
  • E-Mini Silver (QI): 1/2 the size (2,500 ounces).
  • Micro Silver (SIL): 1/5th the size (1,000 ounces).

Primary Usage

Highly conductive and reflective, making it essential for electronics, solar panels, and medicine. It remains popular for jewelry and investment.

Market Dynamics & Key Drivers

  • Industrial Demand: Heavily used in green tech (solar), making its price sensitive to global economic growth.
  • Correlation with Gold: Silver often acts as a more volatile 'little brother' to gold.
  • Supply Constraints: Primarily mined as a byproduct of extracting other metals (like copper or zinc).
Price
$74.24 / oz Troy Ounce (oz) is the standard unit of measurement for precious metals. One troy ounce is approximately 31.1 grams.
Apr 08, 2026
Market Sentiment
Increasing Bullish
Outlook
Net Position
Net Position: Difference between long and short contracts of Non-Commercials (large speculators/funds). A positive value means they are predominantly net-long (expecting rising prices).
22,280
▲ 0.3%
Market Situation
The market situation analyzes the current net positioning compared to the historical average of recent years (Z-Score). This helps to identify extreme market conditions.
Bullish

Silver (SI) Price Chart

COT Charts

Latest News for Silver

Santacruz Silver: Well Positioned And Undervalued
Santacruz Silver: Well Positioned And Undervalued

Santacruz Silver Mining is rated a value Buy, trading at a significant discount to sector P/E and EV/EBITDA multiples. SCZM's near-term catalysts include Bolivar mine ramp-up an...

Seeking Alpha Seeking Alpha, 6 days ago

Gold, silver rally as weak payrolls cut Fed hike pressure - Kitco PM Report
Gold, silver rally as weak payrolls cut Fed hike pressure - Kitco PM Report

Spot gold and silver prices rallied after the North American equities close Friday, as a negative July payrolls print pulled Treasury yields lower, softened the U.S. dollar and ...

Kitco Kitco, 6 days ago

SLV vs GDX: Is a Silver ETF a Better Buy Than a Gold Miner Fund in 2026?
SLV vs GDX: Is a Silver ETF a Better Buy Than a Gold Miner Fund in 2026?

The iShares Silver Trust provides direct exposure to physical silver bullion, while the VanEck Gold Miners ETF invests in companies that extract gold. The iShares Silver Trust h...

The Motley Fool The Motley Fool, 6 days ago

Positioning History

commercial and non-commercial positions
Date Position Net Position
Difference between Non-Commercial Long and Short
Non-Comm. Long
Speculators & funds betting on rising prices
Non-Comm. Short
Speculators & funds betting on falling prices
Comm. Long
Hedgers/producers hedging against rising prices
Comm. Short
Hedgers/producers hedging against falling prices
Aug 04, 2026 Bullish 22,280 36,454 14,174 33,118 73,540
Jul 28, 2026 Bullish 22,217 35,314 13,097 32,507 71,316
Jul 21, 2026 Bullish 23,465 36,741 13,276 32,050 72,503
Jul 14, 2026 Bullish 25,074 36,246 11,172 32,919 75,516
Jul 07, 2026 Bullish 28,015 39,446 11,431 31,337 74,432
Jun 30, 2026 Bullish 27,368 37,805 10,437 32,133 73,458
Jun 23, 2026 Bullish 23,751 35,139 11,388 30,501 70,741
Jun 16, 2026 Bullish 24,544 35,611 11,067 30,683 73,001
Jun 09, 2026 Bullish 22,214 32,487 10,273 26,660 67,028
Jun 02, 2026 Bullish 23,926 33,933 10,007 25,782 68,443
May 26, 2026 Bullish 22,223 32,758 10,535 27,605 68,498
May 19, 2026 Bullish 24,671 34,591 9,920 27,108 69,776
May 12, 2026 Bullish 26,111 36,569 10,458 27,341 70,987
May 05, 2026 Bullish 23,892 32,965 9,073 26,094 66,629
Apr 28, 2026 Bullish 24,160 31,314 7,154 29,676 70,128
Apr 21, 2026 Bullish 23,720 33,233 9,513 32,357 73,342
Apr 14, 2026 Bullish 23,562 32,391 8,829 32,338 72,471
Apr 07, 2026 Bullish 23,417 32,810 9,393 28,211 67,126
Mar 31, 2026 Bullish 23,904 33,463 9,559 29,892 68,749
Mar 24, 2026 Bullish 24,673 33,938 9,265 29,511 69,799
Mar 17, 2026 Bullish 21,881 31,125 9,244 31,938 70,296
Mar 10, 2026 Bullish 24,578 33,306 8,728 31,789 73,366