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Following today's market close, the BCOM annual rebalancing began, with silver's weighting set to drop significantly to 3.94%.
Starting after the market closes today, the Bloomberg Commodity Index (BCOM) will undergo its annual one-week rebalancing (January 9–15, 2026). This index weighting adjustment, which has global commodity markets on edge, is expected to trigger over $14 billion in selling of precious metals. According to the 2026 weighting allocation published by Bloomberg, silver’s weighting will be significantly reduced from the current market weight of 9.6% to 3.94%, meaning funds and ETFs tracking the index will be forced to sell off large silver positions. Two major investment banks, Deutsche Bank and TD Securities, estimate that as much as $7.1 billion to $7.7 billion in silver selling pressure will hit the market over the next two weeks, equivalent to 13% of the total open interest in the COMEX silver market.
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