We can take this data and graph it, so that it becomes much easier to interpret. What I have done is I have taken a chart breaking down the positions of each category, and fused it with a standard candle chart of the commodity. The following chart is of silver:
The areas with the red boxes represent times when the large speculators are at dangerously long positions. These correspond to the red areas of the candle chart above. The green areas represent times where the commercial traders have reduced their short positions as to give us a bullish signal.
Currently, the commercials, which, again, represent the actual producers of silver, are holding a very small short position. This means that they may know something that we don't. Furthermore, the large speculators have essentially abandoned silver. Their position is actually less than the small speculators, which, obviously, hardly ever happens.
Now, let's have a look at the Gold Commitment of Traders chart:
As you can see, the commercial interests have aggressively increased their short positions in gold, much more so than silver. This is essentially why I believe that silver will begin to outperform gold. Thanks for stopping by.