Weekly COT analysis for Silver (COMEX). Silver's dual nature — industrial demand (solar, EVs) + monetary safe haven — creates unique positioning dynamics. Track hedge fund vs commercial divergence.
Silver's COT has a unique structure: large industrial users (solar panel manufacturers, electronics, EV battery makers) are natural short hedgers, while financial speculators are long. When industrial demand surges, commercials are squeezed — creating violent short squeezes like the 2011 run to $50.
The Gold/Silver ratio = Gold price / Silver price. Historically 40-60x. At 85:1+, silver is historically cheap relative to gold. Investors who expect ratio mean-reversion buy silver or use silver/gold spread trades. When the ratio narrows, silver outperforms gold significantly.
SniperIQ tracks COMEX silver COT positions weekly, overlays Gold/Silver ratio analysis, and provides AI signal for XAGUSD — the complete silver institutional view.