COT Proxy Silver Vs ETFS Physical Silver Shares

Commitments of Traders Proxy Silver Vs ETFS Physical Silver Shares

We have looked at how the prices of the Silver ETF move in relative to CFTC Commitments of Traders report. We now look at the COT Proxy. The relation is more obvious.

The green line is the trigger for the COT Proxy. Anything above we go long, anything below we go short.

The COT Proxy gave us the signal to go long on 23 August 2010 at the closing price of 19.03 and exit signal given on 27 June 2011 at the closing price of 33.66 (based on weekly charts).