Silver futures decline, as margin requirements have increased after the 8-year high peak

Silver futures decline, as margin requirements have increased after the 8-year high peak

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Silver prices retreated on Tuesday, following the Chicago Mercantile Exchange’s elevation margin requirements.

In a statement released on Monday, the CME said that margins would be increased from $ 14,000 to $ 16,500 per contract, starting on Tuesday, based on the “normal review of market volatility to ensure coverage of adequate guarantee ”

SIH21 silver futures,
-5.50%
for March, delivery fell nearly 5% to $ 27.99 an ounce, after a 9.3% jump to $ 29.418 an ounce at Comex on Monday. The contract reached $ 30.35 an ounce on Tuesday, the highest intraday level since February 2013.

There is talk of a tightening of silver futures with increased interest in retail. According to FactSet, it flows to iShares Silver Trust SLV,
+ 7.08%
were the fourth largest of any listed exchange-traded fund in the US.

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