Hedge funds sharply reduced their bullish exposure to silver in late January, cutting net-long positions to the lowest level in almost two years as sentiment towards precious metals deteriorated ahead of a steep market sell-off, according to a report by Bloomberg citing CFTC data.
The figures show that hedge funds and other large speculators slashed net-long silver positions by 36% to 7,294 contracts in the week ended 27 January. The reduction left positioning at a 23-month low, underscoring a b...
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