Net speculative long positions in silver futures in the United States declined in the latest reporting period, signaling a moderation in bullish sentiment among traders. According to CFTC data updated on 17 July 2026, silver speculative net positions fell to 25.1K contracts, down from the previous level of 28.0K.
The pullback suggests that some investors have scaled back expectations for further near-term gains in silver, either by trimming long positions or adding new shorts. While net positioning remains positive, the move lower could indicate growing caution over the metal’s price outlook as market participants reassess macroeconomic drivers and risk appetite.
