Loading page content
Data from FMP. Forecasts by Sigmanomics Forecast Engine.
United StatesUS CFTC Silver Speculative net positions climbed to 23.9K in May 2026
FMPMonthlyReleased June 2026
US CFTC Silver Speculative net positions climbed to 23.9K in May 2026, released June 2026, up 1.7K from April's 22.2K reading.
Latest Release
23.900000
Actual
—
Consensus
22.200000
Previous
Sigmacast Track Record
Sigmacast track record will appear here once this indicator has been released 3+ times since Sigmanomics began tracking.
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
THE RELEASE
CFTC Silver Speculative net positions (United States) was reported at 24 thousand in June 2026. The reading rose from the previous value of 22 thousand. Trailing 12-month context per ETL data through June 2026. Over the past 12 months, the indicator has averaged 40 thousand, ranging from 22 thousand to 67 thousand across 42 releases.
WHY IT MATTERS
The trailing three releases averaged 24 thousand, down from the prior three at 24 thousand. Volatility over the past year (σ 15 thousand) is lower than the prior year (σ 23,853 thousand). In June readings over the past 3 years, CFTC Silver Speculative net positions has averaged 56 thousand.
THE MODEL'S TAKE
Historically, this indicator is negatively correlated with AAPL (Bearish AAPL).
WHAT TO WATCH NEXT
The next release is scheduled for June 12, 2026. Same-country events in the next 14 days include OPEC Monthly Report (Jun 11) and Core PPI MoM (Jun 11).
Auto-generated from current model state · Refreshes on each release · Last update June 2026.
SHARE
CFTC Silver Speculative net positions - US
Loading chart data...
About CFTC Silver Speculative net positions — United States
DEFINITION
CFTC Silver Speculative net positions is a financial indicator that measures the difference between the number of long and short positions held by speculators in the silver market. This data is collected and reported by the Commodity Futures Trading Commission (CFTC) and is used by investors and analysts to gauge market sentiment and potential price movements in the silver market. A positive net position indicates that speculators are bullish on silver, while a negative net position suggests a bearish sentiment. This indicator can provide valuable insights for making informed investment decisions in the silver market.
WHY THIS INDICATOR MATTERS
This release contributes to the broader macro picture used by cross-asset investors for positioning and risk management. The release is more useful as part of a longer-run signal than as a single-print catalyst. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Jun 2026): actual 23.9 K. Prior reading (May 2026): 22.2 K. Before that (May 2026): 24.7 K.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a similar reading versus the latest print, with the 3-month outlook diverging from that direction. The 1-month and 3-month horizons disagree, suggesting a mixed signal. Trend-driven dynamics are the primary headwind in the current projection.