Number of traders net-short has decreased by 30.90% from last week.
|
SYMBOL |
TRADING BIAS |
NET-LONG% |
NET-SHORT% |
CHANGE IN LONGS |
CHANGE IN SHORTS |
CHANGE IN OI |
|
Silver |
BEARISH |
95.43% |
4.57% |
3.13%
9.40% |
-9.56%
-30.90% |
2.47%
6.57% |
Silver: Retail trader data shows 95.43% of traders are net-long with the ratio of traders long to short at 20.90 to 1. Our data shows traders are now at their most net-long Silver since Jul 16 when Silver traded near 2,562.70. The number of traders net-long is 3.13% higher than yesterday and 9.40% higher from last week, while the number of traders net-short is 9.56% lower than yesterday and 30.90% lower 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.
Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger Silver-bearish contrarian trading bias.
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