Silver Falls Steeply After CME Raises Margins Further

Group 1 - Silver futures experienced a significant decline of 8% after CME Group raised margin requirements for the second time within a week, with prices trading at $71.69 an ounce, down from over $80 recently [1][2] - The increase in margin requirements has pressured some investors to sell their positions, contributing to the downward pressure on silver prices [1] - On the previous Tuesday, silver recorded its largest single-day gain on record, indicating a volatile trading environment influenced by margin changes [2]