As per latest COT data released by the CFTC (Commodity Futures Trading Commission) on Friday, large-metals speculators cut their bullish net positions in the Silver futures markets this week.
The Silver futures contracts traded by large speculators and hedge funds totaled a net position of 60260 contracts, as per data report through Tuesday, Sept 26th. This was a weekly fall of -7,543 contracts from the last week. The commercial trader’s position, sorted out by the CFTC as hedgers or traders involving in buying and selling for business needs, totaled a net position of -72266 contracts on the week, which was marked by the weekly rise of 6142 contracts.
Meantime, Gold was trading lower in morning trade on Tuesday following passive demand of precious metals amid firm equity markets and the US dollar. MCX Gold futures were at bottom 0.60%, or Rs 176, at about Rs 29,381 per 10 gram around post morning hours, while MCX Silver futures were down 0.45%, or Rs 176, at Rs 39281 per one kg at the same time.
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