The latest COT Silver Report for October 30, 2026, provides a detailed breakdown of silver futures and options positions as of October 27, 2026. For futures, large speculators held 35,633 long positions and 15,930 short positions, while commercial traders had 34,977 long and 70,664 short positions. The total long positions stood at 89,751, with short positions at 105,735. Small speculators showed 26,475 long and 10,491 short positions, contributing to an open interest of 116,226.
When combining futures and options, large speculators had 32,929 long and 15,544 short positions, while commercial traders held 38,411 long and 72,213 short positions. The total long positions were 102,929, with short positions at 119,346. Small speculators recorded 28,375 long and 11,958 short positions, resulting in an open interest of 131,303.
The report highlights changes from the previous reporting period, with notable shifts in both long and short positions across different trader categories. For futures, large speculators saw a change of 1,058 in long positions and 1,150 in short positions, while commercial traders experienced a change of -346 in long positions and -1,835 in short positions. Small speculators had a change of -701 in long positions and 696 in short positions.
For the combined futures and options, large speculators observed a change of 582 in long positions and 810 in short positions, while commercial traders had a change of -221 in long positions and -2,038 in short positions. Small speculators noted a change of -551 in long positions and 1,039 in short positions, with an overall change in open interest of 171.