Gold & Silver Commitments of Traders

Gold and Silver CoT data continue moderately improving

Gold saw large Specs and Commercials basically in a wash, with a common theme a reduction in open interest. Of positive note, the little guy puked some long positions. Never a bad thing.

gold cot

Silver also saw a reduction in open interest by Specs and Commercials, but curiously saw short covering by the little guy.

silver cot

All in all the precious metals are and have been in a positive risk vs. reward setup by sentiment measures. The CoTs are improving with perhaps more work to do.

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