FX.co ★ CFTC Data Show Slight Pullback in Bullish Silver Bets in Early May

Speculative positioning in U.S. silver futures edged lower in the latest reporting period, according to updated data on CFTC Silver speculative net positions released on 8 May 2026.

Net long positions slipped to 23.9K from a previous level of 24.2K, indicating a modest reduction in bullish exposure among speculators. While the change is relatively small, it suggests some investors may be trimming risk or locking in gains after recent moves in the precious metals market.

The marginal decline keeps overall sentiment in positive territory, but the softening in net longs could signal growing caution over the near-term outlook for silver prices as traders reassess macroeconomic and market drivers in the United States and globally.