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While hedge funds and money managers were lowering their exposure to the gold market, they were increasing their bullish bets in silver, according to the latest data from the Commodity Futures Trading Commission.
The disaggregated Commitments of Trader report (COT), for the week ending July 19, showed money managers increased their speculative gross long positions in Comex silver futures by 5,969 contracts to 98,948. At the same time, short bets increased by only 684 contracts to 7,796. The latest data shows the silver net length is at a new record high at 91,152 contracts.”
http://www.kitco.com/news/2016-07-25/Money-Managers-Jumping-Out-Of-Gold-And-Into-Silver-CFTC-Report.html