Photographer: Andrey Rudakov / Bloomberg
Photographer: Andrey Rudakov / Bloomberg
The CME Group increases its margins on Comex silver futures by 18% after the futures reached a maximum of eight years, the stock exchange said in a statement.
Margins will increase to $ 16,500 per contract from $ 14,000 starting Feb. 2, according to the exchange. The decision is based on a “normal review of market volatility to ensure adequate coverage of collateral”, a statement said.
The increase means that those who want to trade silver futures will have to submit more guarantees to ensure that they can meet their obligations. While the exchange typically raises margins when a contract grows or is highly volatile, Monday’s move could eliminate smaller players who don’t have enough money to make the necessary deposits.
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