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COT Futures Metals Charts: Gold, Silver, Platinum, Palladium & Copper Grade #1

September 17, 2021

By CountingPips.com COT Home | Data Tables | Data Downloads | Newsletter

Here are the latest charts and statistics for the Commitment of Traders (COT) data published by the Commodities Futures Trading Commission (CFTC).

The latest COT data is updated through Tuesday September 14 2021 and shows a quick view of how large traders (for-profit speculators and commercial entities) were positioned in the futures markets.

Gold Comex Futures:

The Gold Comex Futures large speculator standing this week totaled a net position of 207,760 contracts in the data reported through Tuesday. This was a weekly lift of 1,721 contracts from the previous week which had a total of 206,039 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bullish with a score of 62.8 percent. The commercials are Bearish with a score of 36.8 percent and the small traders (not shown in chart) are Bearish with a score of 44.7 percent.

Gold Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	60.6	23.5	9.3
– Percent of Open Interest Shorts:	19.6	69.8	4.1
– Net Position:	207,760	-234,251	26,491
– Gross Longs:	306,988	119,152	47,097
– Gross Shorts:	99,228	353,403	20,606
– Long to Short Ratio:	3.1 to 1	0.3 to 1	2.3 to 1
NET POSITION TREND:
– COT Index Score (3 Year Range Pct):	62.8	36.8	44.7
– COT Index Reading (3 Year Range):	Bullish	Bearish	Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	2.9	-0.7	-21.9

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Silver Comex Futures:

The Silver Comex Futures large speculator standing this week totaled a net position of 26,676 contracts in the data reported through Tuesday. This was a weekly reduction of -1,880 contracts from the previous week which had a total of 28,556 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bearish with a score of 49.4 percent. The commercials are Bullish with a score of 57.1 percent and the small traders (not shown in chart) are Bearish-Extreme with a score of 18.5 percent.

Silver Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	46.1	30.5	18.1
– Percent of Open Interest Shorts:	27.1	59.1	8.6
– Net Position:	26,676	-40,156	13,480
– Gross Longs:	64,827	42,909	25,503
– Gross Shorts:	38,151	83,065	12,023
– Long to Short Ratio:	1.7 to 1	0.5 to 1	2.1 to 1
NET POSITION TREND:
– COT Index Score (3 Year Range Pct):	49.4	57.1	18.5
– COT Index Reading (3 Year Range):	Bearish	Bullish	Bearish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-9.4	11.3	-15.4

Copper Grade #1 Futures:

The Copper Grade #1 Futures large speculator standing this week totaled a net position of 28,779 contracts in the data reported through Tuesday. This was a weekly lift of 5,187 contracts from the previous week which had a total of 23,592 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bullish with a score of 63.1 percent. The commercials are Bearish with a score of 34.6 percent and the small traders (not shown in chart) are Bullish with a score of 67.7 percent.

Copper Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	42.3	38.5	9.1
– Percent of Open Interest Shorts:	27.3	57.3	5.3
– Net Position:	28,779	-36,109	7,330
– Gross Longs:	81,223	73,999	17,569
– Gross Shorts:	52,444	110,108	10,239
– Long to Short Ratio:	1.5 to 1	0.7 to 1	1.7 to 1
NET POSITION TREND:
– COT Index Score (3 Year Range Pct):	63.1	34.6	67.7
– COT Index Reading (3 Year Range):	Bullish	Bearish	Bullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-4.5	6.2	-16.2

Platinum Futures:

The Platinum Futures large speculator standing this week totaled a net position of -1,067 contracts in the data reported through Tuesday. This was a weekly lowering of -7,416 contracts from the previous week which had a total of 6,349 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bearish-Extreme with a score of 0.8 percent. The commercials are Bullish-Extreme with a score of 100.0 percent and the small traders (not shown in chart) are Bullish with a score of 65.5 percent.

Platinum Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	44.4	36.0	14.3
– Percent of Open Interest Shorts:	45.8	44.4	4.5
– Net Position:	-1,067	-6,348	7,415
– Gross Longs:	33,649	27,334	10,867
– Gross Shorts:	34,716	33,682	3,452
– Long to Short Ratio:	1.0 to 1	0.8 to 1	3.1 to 1
NET POSITION TREND:
– COT Index Score (3 Year Range Pct):	0.8	100.0	65.5
– COT Index Reading (3 Year Range):	Bearish-Extreme	Bullish-Extreme	Bullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-14.3	14.9	-7.2

Palladium Futures:

The Palladium Futures large speculator standing this week totaled a net position of -1,727 contracts in the data reported through Tuesday. This was a weekly decrease of -1,392 contracts from the previous week which had a total of -335 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bearish-Extreme with a score of 0.0 percent. The commercials are Bullish-Extreme with a score of 100.0 percent and the small traders (not shown in chart) are Bearish with a score of 25.0 percent.

Palladium Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	34.3	50.4	13.8
– Percent of Open Interest Shorts:	54.4	26.5	17.6
– Net Position:	-1,727	2,060	-333
– Gross Longs:	2,954	4,337	1,184
– Gross Shorts:	4,681	2,277	1,517
– Long to Short Ratio:	0.6 to 1	1.9 to 1	0.8 to 1
NET POSITION TREND:
– COT Index Score (3 Year Range Pct):	0.0	100.0	25.0
– COT Index Reading (3 Year Range):	Bearish-Extreme	Bullish-Extreme	Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-16.9	20.9	-48.1

Article By CountingPips.com – Receive our weekly COT Reports by Email

*COT Report: The COT data, released weekly to the public each Friday, is updated through the most recent Tuesday (data is 3 days old) and shows a quick view of how large speculators or non-commercials (for-profit traders) were positioned in the futures markets.

The CFTC categorizes trader positions according to commercial hedgers (traders who use futures contracts for hedging as part of the business), non-commercials (large traders who speculate to realize trading profits) and nonreportable traders (usually small traders/speculators).

Find CFTC criteria here: (http://www.cftc.gov/MarketReports/CommitmentsofTraders/ExplanatoryNotes/index.htm).

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