Number of traders net-short has increased by 609.77% from last week. SYMBOL TRADING BIAS NET-LONG% NET-SHORT% CHANGE IN LONGS CHANGE IN SHORTS
Number of traders net-short has increased by 609.77% from last week.
|
SYMBOL |
TRADING BIAS |
NET-LONG% |
NET-SHORT% |
CHANGE IN LONGS |
CHANGE IN SHORTS |
CHANGE IN OI |
|
Silver |
BULLISH |
66.82% |
33.18% |
-4.23%
-14.52% |
505.13%
609.77% |
32.88%
20.70% |
Silver: Retail trader data shows 66.82% of traders are net-long with the ratio of traders long to short at 2.01 to 1. Our data shows traders are now at their least net-long Silver since Jun 16 when Silver traded near 27.21. The number of traders net-long is 4.23% lower than yesterday and 14.52% lower from last week, while the number of traders net-short is 505.13% higher than yesterday and 609.77% higher from last week.
We typically take a contrarian view to crowd sentiment, and the fact traders are net-long suggests Silver prices may continue to fall.
Yet traders are less net-long than yesterday and compared with last week. Recent changes in sentiment warn that the current Silver price trend may soon reverse higher despite the fact traders remain net-long.
element inside the
element. This is probably not what you meant to do!Load your application’s JavaScript bundle inside the element instead.
www.dailyfx.com