Silver (COMEX)
Silver positioning
Price series: Silver futures (front month) · positions as of Tuesday Nov 3, 2026, published Friday Nov 6, 2026
This week · published Nov 6, 2026
Silver, week of Nov 3, 2026: Managed money sit at the 22nd percentile of their 3-year range. They added 714 net long contracts on the week. 8-week signal: convergence — healthy downtrend.
Signal log — Managed money
Every past signal in this market, and what price did afterwards.
Every rolling 8-week window classified as a bullish or bearish divergence, or as convergence where price and positioning agree. Price change is in percent; net change is in contracts.
Each row covers one stretch of weekly reports: the % is the price change over that stretch, the net figure is the change in the group's net position, in contracts.
- Convergence — healthy downtrendAug 4, 2026 → Nov 3, 2026price -17.5% · net position -7,939 contracts
- Convergence — healthy uptrendJul 14, 2026 → Sep 22, 2026price +14.6% · net position +1,808 contracts
- Convergence — healthy downtrendMay 12, 2026 → Jul 7, 2026price -22.5% · net position -2,560 contracts
- Bullish divergenceApr 21, 2026 → Jun 30, 2026price -18.3% · net position +4,914 contracts
- Convergence — healthy uptrendMar 17, 2026 → May 12, 2026price +11.2% · net position +6,114 contracts
- Bullish divergenceJan 27, 2026 → Apr 28, 2026price -3.0% · net position +2,907 contracts
- Convergence — healthy downtrendJan 13, 2026 → Mar 10, 2026price -8.1% · net position -3,503 contracts
- Bearish divergenceNov 4, 2025 → Mar 3, 2026price +74.6% · net position -11,391 contracts
- Convergence — healthy uptrendOct 14, 2025 → Dec 16, 2025price +34.1% · net position -1,151 contracts
- Bearish divergenceAug 19, 2025 → Dec 2, 2025price +49.8% · net position -9,072 contracts
- Convergence — healthy uptrendAug 5, 2025 → Sep 30, 2025price +23.9% · net position +5,098 contracts
- Bearish divergenceJun 3, 2025 → Sep 23, 2025price +28.3% · net position -7,734 contracts
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Source: CFTC Commitments of Traders — positions as of Tuesday, published the following Friday. All position figures are futures contracts unless the % of open interest view is selected. Positioning is a sentiment tool, not a timing signal. Not investment advice.