Silver is shining brighter than ever! The price of silver just hit $34.87 per troy ounce, the highest it’s been in 12 years. This exciting news has caught the attention of investors and people curious about precious metals. Let’s break down what’s happening and why silver is making such a big splash.
Spot Silver
At Gold Silver Reports, we cover Spot Silver (XAGUSD) with live price updates, expert analysis, and trading tips. Get daily silver market forecasts, intraday levels, and insights to support profitable trading and investment decisions.
Silver Price Update: Trading Steady at $33.00
Discover the latest silver price update at $33.00, with key support and resistance levels, technical analysis, and buying/selling opportunities. Stay informed on XAG/USD trends.
Silver net speculative longs at four and half year high
Precious metals speculators yet again increased their net long positions in the Silver (XAG/USD) futures markets sharply last week, according to the latest Commitment of Traders (COT) data released by the Commodity Futures Trading Commission (CFTC). The non-commercial futures contracts of Silver futures, traded by large speculators, hedge funds and retailers, totaled a net position of 62198 contracts in the data reported through September 24, 2024. This was a weekly gain of 4000 net contracts and took net longs to four and half year high.