CFTC Reports Silver Long Positions Rise

The net speculative buying positions in silver on the COMEX exchange increased by 456 contracts to reach 10,768 contracts for the week, according to the U.S. Commodity Futures Trading Commission. Gold also saw a rise, with the net buy positions increasing by 4,054 contracts to reach 145,922 contracts. This comes amid gold's attempt to achieve its third consecutive weekly gain, supported by a weak dollar, as the price per ounce reached $4,600 for the first time in three months. The week saw a 5% increase, hitting its highest level in over three months.

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