Investors’* Net Positions in Comex Silver Futures 4000
Average Positions (Moz) 2010 Jan Mar 2011 Jan-Mar
264 257
Comex Settlement Price
80
3600 3200 2800
60
2400 2000
40
1600 1200
20
800 400
0 Jan-05
0 Jan-06
Jan-07
Jan-08
Jan-09
Jan-10
Jan-11
*Non-commercial & non-reportable net positions in futures taken as proxy for investors’ positions. Source: CFTC
cents s/oz
Neet positio ons (conttracts, th housandss)
100