Silver Falls Steeply After CME Raises Margins Further

Silver futures autumn 8% aft speech relation CME Group accrued borderline requirements for the 2nd clip successful a week.

In New York, futures commercialized astatine $71.69 an ounce, having reached implicit $80 successful caller days. Investors connected the speech indispensable enactment down much currency to enactment their trades, pressuring immoderate into selling which drags prices lower.

Silver notched its largest single-day summation connected grounds Tuesday, arsenic traders responded to a dip successful the precious metal's terms Monday caused by the CME's archetypal alteration to borderline requirements.