Commitment of Traders Report Silver Vs ETFS Physical Silver Shares

Commitment of Traders Report Silver Vs ETFS Physical Silver Shares Chart

I thought it might be interesting to impose the chart of the COT Silver Chart against a relevant instrument. We will take the ETFS Physical Silver Shares (SIVR) as the example. Do you see any correlation? It isn't that obvious isn't it?

For those not familiar with ETFs, it is an access for those interested in trading or investing in Silver. The ETF try to mimic the movement of Silver prices. How exactly they do it, I am not really sure. There have been some problems with some ETFs. In some cases, the prices do not correlate with the underlying real instrument themselves / industries themselves.