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.

For “best of breed” top down analysis of all major markets, subscribe to NFTRH Premium, which includes an in-depth weekly market report, detailed interim market updates and NFTRH+ dynamic updates and chart/trade setup ideas. You can also keep up to date with actionable public content at NFTRH.com by using the email form on the right sidebar. Follow via Twitter @NFTRHgt.

Testimonials