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Silver might soon face pressure from rebalancing of Bloomberg Commodity Index

ADMIN || 8th January 2026

The run-up in silver prices could face a near-term test from selling driven by the rebalancing of the Bloomberg Commodity Index.

The rebalancing, set to take place from Jan. 8 to Jan. 14, could lead to selling about $3.8 billion worth of silver via futures contracts. There might also be selling of about $4.7 billion of gold keyed off the Bloomberg index rebalancing, following the metal's gain during 2025.

The Bloomberg Commodity Index, which has about $109 billion of funds tracking it, is a leading commodity index. It gets new target weights annually and gets rebalanced each January.

Silver has more than doubled over the past year to $78 an ounce, while gold is up 60% in the same span to $4,400 per ounce. Amidst very sharp further outperformance this year, current weights and prices imply that around 11k lots (3% of total open interest) of COMEX Gold and 13k lots (9% of total open interest) of COMEX Silver are likely to be sold to reach 2026 target weights.

The recent continued sharp outperformance of silver ahead of the Jan '26 roll period could in turn also ramp up required selling through the rebalance (which is already higher in % of [open interest] on [a year-over-year] basis vs 2025).

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