FX.co ★ Speculators Trim Bullish Silver Bets as CFTC Net Longs Edge Lower

Net speculative positions in U.S. silver futures have eased, indicating a modest pullback in bullish sentiment among traders. According to the latest data released on 30 January 2026, CFTC silver speculative net positions declined to 23.7K contracts, down from a previous level of 25.2K.

The reduction in net long positions suggests that some market participants are taking profits or hedging exposure after earlier gains in silver, or reassessing their outlook amid changing market conditions. While the move is not dramatic, it points to a slightly less aggressive speculative stance on silver in the near term.