Silver COT Report
CFTC Commitments of Traders · positions as of Tuesday 2026-10-20, released Oct 23, 2026 (the CFTC reports each Tuesday's close three days later) · next release Oct 30, 2026 (regular cycle; see the release schedule for holiday shifts)
Silver positioning leans bullish - commercials buying (26w index 100), speculators crowded short (3y index 14).
How this read is built
- Commercials (hedgers) are net short and sit near the top of their 26-week range (COT index 100) - a bullish tilt in the traditional read.
- Large speculators are net long near the bottom of their 3-year range (index 14) - a crowded short, which historically leans bullish for the setup.
A description of how traders are positioned versus their own history - the standard Commitments of Traders interpretation, computed identically for every market. It is not a price forecast, a trading signal, or advice. How traders use positioning · how the read is computed.
As of the COT report, large speculators are net long 19,795 Silver futures contracts (down 2,836 week-over-week), commercials are net short 37,176, and open interest is 113,992 contracts. Managed money was net long 3,505 contracts as of (down 2,114 week-over-week), holding 16,180 long and 12,675 short.
Cite this data
FuturesBench, "Silver COT Report," data as of 2026-10-20. https://futuresbench.com/cot/silver/#net-position Source: CFTC Commitments of Traders (public domain). CSV: https://futuresbench.com/data/cot/silver.csv
Embed this chart
<iframe src="https://futuresbench.com/embed/cot/silver/" width="100%" height="560" frameborder="0" loading="lazy" title="Silver COT Report chart - FuturesBench"></iframe>
Positioning - as of Tuesday 2026-10-20
| Trader category | Net position | Weekly change | % of open interest | COT index 26w | COT index 52w | COT index 3y |
|---|---|---|---|---|---|---|
| Large speculators | 19,795 | -2,836 | 17.4% | 0.0 | 0.0 | 13.5 |
| Commercials | -37,176 | +2,266 | -32.6% | 100.0 | 100.0 | 86.7 |
| Small traders | 17,381 | +570 | 15.2% | 47.5 | 36.9 | 46.6 |
Net = long − short (spread positions cancel). COT index: 0 = most net-short of the lookback, 100 = most net-long. How it's computed.
This week in numbers
- Large speculators net position is at a 52-week low (19,795 contracts).
- Commercials net position is at a 52-week high (-37,176 contracts).
- Open interest rose 5.1% week-over-week to 113,992 contracts.
Every sentence above is computed from the stored series - no commentary, no forecasts.
Disaggregated report - positions as of Tue 2026-10-20
| Trader category | Net position | Weekly change | % of open interest | COT index 26w | COT index 52w | COT index 3y |
|---|---|---|---|---|---|---|
| Producer/merchant | -15,029 | +772 | -13.2% | 62.5 | 83.4 | 91.3 |
| Swap dealers | -22,147 | +1,494 | -19.4% | 90.6 | 92.5 | 57.4 |
| Managed money | 3,505 | -2,114 | 3.1% | 0.0 | 0.0 | 21.4 |
| Other reportables | 16,290 | -722 | 14.3% | 89.2 | 56.5 | 38.1 |
| Small traders | 17,381 | +570 | 15.2% | 47.5 | 36.9 | 46.6 |
Full Disaggregated report history: CSV · switch the chart above to this report family for the full series.
Silver managed money positions, week by week
Managed money long, short and net position in Silver futures for the last 26 weekly COT reports (positions as of each Tuesday), from the CFTC Disaggregated futures-only report. Short = long minus net; spread positions are excluded from both.
| Report date | Managed money long | Managed money short | Managed money net | Weekly change | Producer/merchant net | Swap dealers net |
|---|---|---|---|---|---|---|
| 16,180 | 12,675 | 3,505 | -2,114 | -15,029 | -22,147 | |
| 15,802 | 10,183 | 5,619 | -1,909 | -15,801 | -23,641 | |
| 16,457 | 8,929 | 7,528 | -86 | -16,253 | -25,339 | |
| 16,886 | 9,272 | 7,614 | -5,695 | -16,512 | -23,498 | |
| 19,303 | 5,994 | 13,309 | +185 | -18,512 | -26,242 | |
| 20,205 | 7,081 | 13,124 | -1,262 | -17,354 | -25,346 | |
| 21,148 | 6,762 | 14,386 | +1,788 | -17,517 | -27,391 | |
| 19,156 | 6,558 | 12,598 | -1,475 | -16,675 | -28,605 | |
| 21,421 | 7,348 | 14,073 | +2,378 | -17,153 | -27,900 | |
| 19,533 | 7,838 | 11,695 | +537 | -16,087 | -28,705 | |
| 19,956 | 8,798 | 11,158 | -816 | -15,946 | -28,028 | |
| 20,465 | 8,491 | 11,974 | +2,792 | -13,080 | -27,342 | |
| 17,939 | 8,757 | 9,182 | -2,100 | -13,029 | -25,780 | |
| 18,204 | 6,922 | 11,282 | -219 | -13,044 | -27,409 | |
| 17,554 | 6,053 | 11,501 | -1,700 | -12,708 | -29,889 | |
| 19,294 | 6,093 | 13,201 | -581 | -13,356 | -29,739 | |
| 19,349 | 5,567 | 13,782 | +2,041 | -12,271 | -29,054 | |
| 17,559 | 5,818 | 11,741 | -1,144 | -13,722 | -26,518 | |
| 18,739 | 5,854 | 12,885 | +2,482 | -16,612 | -25,706 | |
| 16,336 | 5,933 | 10,403 | -41 | -16,659 | -23,709 | |
| 17,047 | 6,603 | 10,444 | +389 | -17,993 | -24,668 | |
| 16,670 | 6,615 | 10,055 | -1,509 | -19,545 | -21,348 | |
| 17,944 | 6,380 | 11,564 | -4,197 | -19,293 | -23,375 | |
| 21,191 | 5,430 | 15,761 | +4,918 | -19,632 | -24,014 | |
| 15,697 | 4,854 | 10,843 | +237 | -17,613 | -22,922 | |
| 14,576 | 3,970 | 10,606 | +1,738 | -18,110 | -22,342 |
Every week back to 2006: Silver disaggregated CSV.
Recent history
| Report date | Open interest | Large spec net | Δ | Commercial net | Δ | Small trader net |
|---|---|---|---|---|---|---|
| 2026-10-20 | 113,992 | 19,795 | -2,836 | -37,176 | +2,266 | 17,381 |
| 2026-10-13 | 108,433 | 22,631 | -522 | -39,442 | +2,150 | 16,811 |
| 2026-10-06 | 105,130 | 23,153 | +1,070 | -41,592 | -1,582 | 18,439 |
| 2026-09-29 | 107,047 | 22,083 | -3,361 | -40,010 | +4,744 | 17,927 |
| 2026-09-22 | 106,474 | 25,444 | +118 | -44,754 | -2,054 | 19,310 |
| 2026-09-15 | 103,745 | 25,326 | -723 | -42,700 | +2,208 | 17,374 |
| 2026-09-08 | 103,250 | 26,049 | -690 | -44,908 | +372 | 18,859 |
| 2026-09-01 | 104,362 | 26,739 | +1,478 | -45,280 | -227 | 18,541 |
| 2026-08-25 | 113,801 | 25,261 | +1,636 | -45,053 | -261 | 19,792 |
| 2026-08-18 | 120,117 | 23,625 | -21 | -44,792 | -818 | 21,167 |
| 2026-08-11 | 115,127 | 23,646 | +1,366 | -43,974 | -3,552 | 20,328 |
| 2026-08-04 | 111,999 | 22,280 | +63 | -40,422 | -1,613 | 18,142 |
| 2026-07-28 | 106,719 | 22,217 | -1,248 | -38,809 | +1,644 | 16,592 |
| 2026-07-21 | 106,410 | 23,465 | -1,609 | -40,453 | +2,144 | 16,988 |
| 2026-07-14 | 105,023 | 25,074 | -2,941 | -42,597 | +498 | 17,523 |
| 2026-07-07 | 104,859 | 28,015 | +647 | -43,095 | -1,770 | 15,080 |
| 2026-06-30 | 108,964 | 27,368 | +3,617 | -41,325 | -1,085 | 13,957 |
| 2026-06-23 | 108,944 | 23,751 | -793 | -40,240 | +2,078 | 16,489 |
| 2026-06-16 | 107,721 | 24,544 | +2,330 | -42,318 | -1,950 | 17,774 |
| 2026-06-09 | 103,440 | 22,214 | -1,712 | -40,368 | +2,293 | 18,154 |
| 2026-06-02 | 102,809 | 23,926 | +1,703 | -42,661 | -1,768 | 18,735 |
| 2026-05-26 | 101,744 | 22,223 | -2,448 | -40,893 | +1,775 | 18,670 |
| 2026-05-19 | 100,751 | 24,671 | -1,440 | -42,668 | +978 | 17,997 |
| 2026-05-12 | 103,800 | 26,111 | +2,219 | -43,646 | -3,111 | 17,535 |
| 2026-05-05 | 96,932 | 23,892 | -268 | -40,535 | -83 | 16,643 |
| 2026-04-28 | 101,275 | 24,160 | +440 | -40,452 | +533 | 16,292 |
Full history, no login: CSV (1986-01-15 → 2026-10-20) · JSON
Contract facts
FAQ
- Are large speculators long or short Silver futures?
- As of the 2026-10-20 COT report, large speculators (non-commercial traders) are net long 19,795 contracts in Silver futures.
- What is the managed money position in Silver futures?
- As of the 2026-10-20 COT report, managed money traders are net long 3,505 contracts (16,180 long, 12,675 short) in Silver futures. The week-by-week table on this page lists the last 26 reports.
- How current is this Silver COT data?
- The latest report is dated 2026-10-20 (positions as of that Tuesday's close), published by the CFTC on 2026-10-23. This page updates within minutes of each weekly release.
- Where can I download Silver COT history?
- The full weekly series (1986-01-15 to 2026-10-20) is free at /data/cot/silver.csv - no login, no cap.
Learn: how to read this report · commercials vs non-commercials · glossary
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Source: CFTC Commitments of Traders, legacy futures-only report, contract code 084691. Dataset coverage 1986-01-15 → 2026-10-20. Methodology.