Bullish sentiment in the U.S. silver futures market eased slightly, according to the latest Commitments of Traders (COT) data released by the U.S. Commodity Futures Trading Commission (CFTC) on 16 October 2026. Speculative net positions in silver declined to 22.6K contracts, down from 23.2K previously.
The modest pullback suggests that money managers and other speculative traders have pared back long exposure, potentially reflecting a more cautious stance toward silver in the short term. While the net position remains in positive territory, indicating that bullish bets still outweigh bearish ones, the slip from the prior 23.2K level points to a softening in speculative enthusiasm around the metal.
