Managed Money net +3,505 contracts in SILVER, positions as of Tue 20 Oct 2026.
Data as of Positions as of Tue 20 Oct 2026; published Fri 23 Oct 2026
Positions as of Tue 20 Oct 2026 - published Fri 23 Oct 2026 (CFTC, Friday release)
Report family
Disaggregated
Basis
Futures only
Market
SILVER - COMMODITY EXCHANGE INC.
CFTC contract code
084691
Contract unit
Contracts Of 5,000 Troy Ounces
Open interest, contracts
113,992
Change in open interest, contracts
+5,559
Latest report, futures only
Category
Long
Short
Spreading
Net
Long % of OI
Short % of OI
Net % of OI
Producer/Merchant/Processor/User
5,046
20,075
-
-15,029
4.4
17.6
-13.2
Swap Dealers
25,788
47,935
4,489
-22,147
22.6
42.1
-19.4
Managed Money
16,180
12,675
10,767
+3,505
14.2
11.1
3.1
Other Reportables
18,395
2,105
6,151
+16,290
16.1
1.8
14.3
Total reportable
86,816
104,197
-
-17,381
76.2
91.4
-15.2
Nonreportable
27,176
9,795
-
+17,381
23.8
8.6
15.2
Managed Money: position against its own history
Weekly net, last 156 reports
Managed Money net, contracts
+3,505
Week change
-2,114
4-week change
-9,804
13-week change
-7,777
Net as % of open interest
3.1%
Percentile, 1 year (52 weeks)
2
Percentile, 3 years (156 weeks)
4
Z-score, 52 weeks
-1.83
COT Index, 3 years
21
52-week high of net
+25,775
52-week low of net
+3,505
Traders and concentration
Category
Traders long
Traders short
Producer/Merchant/Processor/User
9
15
Swap Dealers
20
13
Managed Money
28
22
Other Reportables
50
8
Total reportable
132
94
Largest 4 traders, gross long
13.2%
Largest 4 traders, gross short
30.6%
Largest 8 traders, gross long
21.9%
Largest 8 traders, gross short
45.4%
Largest 4 traders, net long
12.9%
Largest 4 traders, net short
28.1%
Largest 8 traders, net long
20.2%
Largest 8 traders, net short
41.7%
Concentration is the share of open interest held by the largest traders, as published in the report.
Latest report, futures and options combined
Category
Long
Short
Spreading
Net
Long % of OI
Short % of OI
Net % of OI
Producer/Merchant/Processor/User
5,372
20,423
-
-15,051
4.1
15.6
-11.5
Swap Dealers
26,802
47,369
6,459
-20,567
20.4
36.1
-15.7
Managed Money
15,991
12,245
13,252
+3,746
12.2
9.3
2.9
Other Reportables
16,355
2,489
17,976
+13,866
12.5
1.9
10.6
Total reportable
102,207
120,214
-
-18,007
77.9
91.7
-13.7
Nonreportable
28,925
10,918
-
+18,007
22.1
8.3
13.7
The combined basis adds options converted to futures equivalents at exchange delta factors. The two bases are never mixed in one series; the history on this page is futures only.
Open interest by maturity split
All contract months, contracts
113,992
Old crop / nearest months, contracts
113,992
Other months, contracts
0
Recent reports, net by category
Report date
Open interest
Producer/Merchant/Processor/User
Swap Dealers
Managed Money
Other Reportables
Total reportable
Nonreportable
Tue 20 Oct 2026
113,992
-15,029
-22,147
+3,505
+16,290
-17,381
+17,381
Tue 13 Oct 2026
108,433
-15,801
-23,641
+5,619
+17,012
-16,811
+16,811
Tue 6 Oct 2026
105,130
-16,253
-25,339
+7,528
+15,625
-18,439
+18,439
Tue 29 Sep 2026
107,047
-16,512
-23,498
+7,614
+14,469
-17,927
+17,927
Tue 22 Sep 2026
106,474
-18,512
-26,242
+13,309
+12,135
-19,310
+19,310
Tue 15 Sep 2026
103,745
-17,354
-25,346
+13,124
+12,202
-17,374
+17,374
Tue 8 Sep 2026
103,250
-17,517
-27,391
+14,386
+11,663
-18,859
+18,859
Tue 1 Sep 2026
104,362
-16,675
-28,605
+12,598
+14,141
-18,541
+18,541
Tue 25 Aug 2026
113,801
-17,153
-27,900
+14,073
+11,188
-19,792
+19,792
Tue 18 Aug 2026
120,117
-16,087
-28,705
+11,695
+11,930
-21,167
+21,167
Spreading is calendar-spread positions. It prints as its own column and is not part of net. Percentile is the share of weeks in the window with a net at or below the current net. The COT Index places the current net within its 3-year range, 0 at the low and 100 at the high. Gauges print only when the window holds enough history. History is the series as currently published by the CFTC, including its corrections; first-release vintages are not kept. An extreme reading is a condition of crowding, not a buy or sell signal: speculative categories are trend followers and are usually largest near price extremes.
Source: CFTC Commitments of Traders, Disaggregated report, futures only unless stated. Positions as of Tue 20 Oct 2026, published Fri 23 Oct 2026.