Exchange operator, CME Group has increased margins for Comex silver futures for the second time as silver prices rise amid much volatility, The Wall Street Journal reports. The exchange is increasing initial margin requirements, or the deposit needed to buy a silver futures contract, to $14,513 per contract, up from $12,825.
Both the initial and maintenance margin requirements for hedgers and exchange members will also rise to $10,750 from $9,500 per contract. The operator also increased margins for the Comex silver trade at settle contracts, which let traders lock in the day’s settlement price for their purchases or sales.
Click here for the story from The Wall Street Journal.