Precious metal positions refer to the total amount of open contracts held by traders in the metal trading market. For example, if you hold 100 silver futures contracts, your precious metal position will be 100 lots. Different positions represent traders' different views on market direction and risk tolerance.

In trading, position management is very important. Holding a position that is too large may carry significant risks, while holding a position that is too small may not result in sufficient profits. Therefore, traders need to flexibly adjust their position size based on their risk tolerance and market trends.

At the same time, position management is also inseparable from trading strategy. Different trading strategies determine the size and direction of positions. For example, day traders may hold small positions and take advantage of volatility to make small profits. Long-term traders, on the other hand, may hold larger positions to obtain longer-term profits. Therefore, position management must also be fully considered when formulating trading strategies.