Photographer: Andrey Rudakov / Bloomberg
Photographer: Andrey Rudakov / Bloomberg
The CME Group is raising the margins on Comex silver futures by 18% after the futures hit their eight-year high, the exchange said in a statement.
Margins will rise from $ 14,000 to $ 16,500 per contract, as of February 2, according to the exchange. The decision is based on “a normal review of market volatility to ensure adequate guarantee coverage,” the agency said in a statement.
The increase means that those who wish to trade silver futures will need to place more guarantees to ensure that they can meet their obligations. While the exchange routinely increases margins when a contract is bullish or extremely volatile, Monday’s decision could ward off smaller players who don’t have enough money to make the necessary deposits.
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