SILVER COT — Week Ending April 14, 2026
Exchange: Commodity Exchange Inc.
Open Interest: 116,983Weekly change: +1,845
➡ OI expanded again➡ Participation is gradually returning
This confirms:
We are still in expansion phase — not topping
Commercials (Smart Money)
- Long: 2,447 (+283)
- Short: 19,203 (+1,469)
- Net: –16,756
Read
Commercials:
- Added longs
- Added shorts (more aggressively)
Translation:
They are hedging into strength
BUT…
Context:
- January: ~–25k
- Now: ~–16.7k
They are still far from aggressive hedge levels
Normal behavior in an uptrend — not bearish yet Full Report