Red hot silver got a little official cold water thrown on it by the CME on Monday. The exchange raised COMEX Silver futures spec and maintenance margins on the big 5,000-ounce contracts by about 9% effective Tuesday, April 26. It is not all that surprising to see an immediate selloff tied directly to margin hike news, so we cannot be surprised by the harsh reversal in silver.
CME Margin Cold Water for Red Hot Silver
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