Core Viewpoint - Silver prices surged to a new historical high of $92 per ounce, driven by geopolitical tensions and favorable U.S. economic data, with a year-to-date increase of 29% [2][3][8]. Group 1: Market Dynamics - The recent rise in silver prices is attributed to increased market demand for safe-haven assets due to geopolitical tensions, particularly regarding U.S. and Israeli threats against Iran [2]. - The U.S. Consumer Price Index (CPI) data released showed a year-on-year increase of 2.7%, which was in line with expectations, while core CPI rose by 2.6%, slightly below the anticipated 2.7% [3]. - The Federal Reserve's potential for further monetary easing is supported by stable core inflation data, which is favorable for silver prices [3]. Group 2: Inventory and Market Structure - Current silver inventory in London stands at 27,817.61 tons, with a portion held by funds, while the Chicago Mercantile Exchange (CME) silver inventory has decreased by approximately 500 tons over the past month [4][5]. - The silver-to-gold ratio is nearing 50, indicating that silver may still be undervalued compared to historical averages [4]. Group 3: Futures Market Adjustments - CME announced changes to margin requirements for silver futures, adjusting them to a percentage of the contract's nominal value, which could increase the financial burden on short positions [6][7]. - A new 100-ounce silver futures contract is set to be introduced in February 2026, aimed at increasing market participation and liquidity, with cash settlement instead of physical delivery [7]. Group 4: Future Price Predictions - Citigroup has raised its price forecast for silver to $100 per ounce, citing ongoing geopolitical risks and persistent shortages in the physical market [8]. - Despite the bullish outlook, the silver market is characterized by high volatility, with potential for significant price fluctuations [8][10]. - Investors are advised to monitor geopolitical developments and U.S. trade policies regarding silver, as these factors could lead to substantial price movements [9][10].

CME Group Inc. (CME), headquartered in Chicago, Illinois, operates contract markets for the trading of futures and options on futures contracts. Valued at $95.6 billion by market cap, the company offers futures and options products based on interest rates, equity indexes, foreign exchange, agricultural commodities, energy, and metals, and more. It facilitates trading on its trading floors, electronic platform, and through privately negotiated transactions that it clears. The leading derivatives marketplace ...

Group 1 - Silver prices have surged to historic highs driven by unprecedented investment demand, prompting CME Group to launch a new 100-ounce silver futures contract aimed at retail traders [1] - The new silver futures contract will not involve physical delivery but will be cash-settled, providing a more flexible and cost-effective way for global clients to capture silver opportunities [2] - The launch of this new product comes at a time when demand for physical silver bars remains exceptionally high, with current spot silver prices exceeding $87 per ounce and March silver futures trading around $83 per ounce [2] Group 2 - Analysts indicate that the silver supply chain remains extremely fragile due to record industrial demand depleting ground inventories over the past five years, leading to competition between industrial users and investment demand for physical supply [3] - The introduction of CME's cash-settled product alleviates concerns regarding delivery for investors, and analysts expect continued growth in demand for hard assets like gold and silver amid increasing geopolitical and economic uncertainties [4] - Some analysts believe that silver prices could rise to $100 per ounce as they hover near historic highs, indicating a strong bullish sentiment in the market [4]

Neils ChristensenNeils Christensen has a diploma in journalism from Lethbridge College and has more than a decade of reporting experience working for news organizations throughout Canada. His experiences include covering territorial and federal politics in Nunavut, Canada. He has worked exclusively within the financial sector since 2007, when he started with the Canadian Economic Press. Neils can be contacted at: 1 866 925 4826 ext. 1526 nchristensen at kitco.com @Neils_cShareDisclaimer: The views expressed ...

芝商所（CME）计划于2月9日推出100盎司 白银 期货。 ...

Core Viewpoint - The Chicago Mercantile Exchange (CME) has announced a change in the margin collection method for its precious metal futures contracts, shifting from a fixed amount to a percentage of the contract's nominal value, reflecting heightened risk management in the precious metals market [1][2]. Group 1: Margin Adjustment Details - The adjustment will take effect after the market closes on January 13, 2026, marking the fourth change in a month regarding precious metal margin requirements [1]. - The previous three adjustments focused on increasing fixed margin amounts to reduce leverage and curb excessive speculation, while the latest change introduces a dynamic margin calculation based on market price fluctuations [2][3]. Group 2: Risk Management Implications - The recent adjustment is seen as a structural shift in risk management, transitioning from a "static" to a "dynamic" system that automatically adjusts margins in response to market conditions [3]. - Historical precedents indicate that CME has implemented similar measures during periods of heightened market volatility, such as during the 2008 financial crisis [3]. Group 3: Market Impact - Short-term effects may include increased overall margin requirements, potentially exacerbating selling pressure, while long-term effects could enhance market resilience and improve the clearing system's ability to withstand future shocks [4]. - The new margin system may lead to more automated and transparent risk management within the futures market, with a stronger regulatory role for exchanges [4]. Group 4: Investor Considerations - Retail investors should manage liquidity carefully to avoid forced liquidations due to sudden margin increases, while institutional investors need to reassess their funding and risk management strategies under the new margin regime [5]. - The adjustments signal a recognition of a prolonged high-volatility environment in precious metals, which may affect bullish sentiment in the market [5].

CME称，此项调整自周二收盘后生效，是"在市场波动后进行的一项常规审查，以确保充足的抵押品覆 盖"。 贵金属在最近几个季度经历了非同寻常的上涨行情，涨势和价格波动一直延续至新年。在最近一轮上涨 中，黄金和白银价格均在周一的交易中飙升至历史新高，其中白银价格在2026年迄今已上涨约五分之 一。 热点栏目 自选股 数据中心 行情中心 资金流向 模拟交易 客户端 文章来源：金十数据 芝商所集团（CME Group）宣布，在贵金属价格飙升且交易波动加剧后，将改变黄金、白银、铂金和钯 金期货的保证金设定方式。 CME在一份通知中表示，新的方法将基于所谓"名义价值"的百分比来设定保证金。此前，保证金是基 于一个固定的美元金额设定的。 华侨银行（Oversea-Chinese Banking Corp．）策略师Christopher Wong表示，短期内，保证金规则的改 变"可能会暂时对贵金属构成压力"。 他补充道："基于百分比的方法直观上更能捕捉所需的保证金，这意味着无需频繁调整。"但他也表示， 如果波动性超过历史水平，或出现不可预见的情况，"他们仍可能提高该百分比。" 随着贵金属涨势加速、投机交易活动量上升以及波动性激 ...

Group 1 - CME Group is changing the margin setting method for gold, silver, platinum, and palladium futures contracts due to soaring precious metal prices and increased trading volatility [1] - The new margin method will be based on a percentage of the nominal value, replacing the previous fixed dollar amount approach [1] - This change will take effect after the market closes on Tuesday and is described as a normal assessment of market volatility to ensure adequate collateral coverage [1] Group 2 - Recent price surges in precious metals have been unusual, with gold and silver reaching record highs, and silver increasing by approximately one-fifth in 2026 [1] - Factors driving the current metal price surge include concerns over a weakening dollar, prospects of further interest rate cuts in the U.S., and the independence of the Federal Reserve [2] - Market speculation regarding potential U.S. import tariffs on silver has also contributed to its increased attractiveness [2]

Core Insights - Mike Selig has recently assumed the role of chairman at the U.S. Commodity Futures Trading Commission (CFTC) and is restructuring the agency with a new innovation committee focused on cryptocurrency insiders [1][2] Group 1: Innovation Committee Formation - The new Innovation Advisory Committee will include executives from prominent crypto firms such as Gemini, Kraken, Bitnomial, Crypto.com, and Bullish, which is the parent company of CoinDesk [2] - The committee's formation builds on a previous initiative by former Acting Chairman Caroline Pham, who had assembled a group of CEOs focused on innovative financial technology [2][3] Group 2: Committee Objectives and Leadership Vision - Selig emphasized the importance of modernizing financial systems through technologies like artificial intelligence, blockchain, and cloud computing, aiming to create regulations that are suitable for the evolving financial landscape [4] - The Innovation Advisory Committee will assist the CFTC in drafting new market structure regulations, becoming one of five external committees designed to guide the agency based on members' expertise [4] Group 3: Public Engagement and Future Steps - The CFTC is inviting the public to submit additional nominees for committee membership and suggest topics for consideration, with a deadline set for the end of January [5]

Core Insights - Nasdaq and CME Group have unified their crypto indexing efforts, reintroducing the Nasdaq Crypto Index as the Nasdaq-CME Crypto Index [1][9] - The new index aims to serve as a foundational benchmark for investors seeking diversified exposure in the crypto market as regulatory clarity and institutional participation grow [3][4] Index Structure and Purpose - The Nasdaq-CME Crypto Index combines two established market standards to provide governance and diversification comparable to traditional asset classes [4] - It tracks a basket of major digital assets, including Bitcoin, Ether, XRP, Solana, Chainlink, Cardano, and Avalanche, reflecting a broader market rather than focusing solely on Bitcoin [4][5] - The index is designed to align with institutional risk and compliance expectations, featuring a governance structure overseen by a joint committee and a published methodology [6][7] Market Trends and Future Applications - There is a growing trend among investors towards index-based exposure in the crypto market, similar to the evolution seen in equity and commodity markets [5][6] - The index is expected to support a wider range of regulated products, including exchange-traded funds and structured investment vehicles [8][9]