silverdoctors.com / By THE DOC / February 7, 2013
Although Open Interest remains high in silver, the CME must need a new flock of investors to fleece in paper metals, as the CME announced after Thursday’s market close a major reduction in gold and silver margins effective after the close Tuesday Feb 12th.
The CME cut gold initial and maintenance margins from $6,600 & $6,000 to $5,940 & $5,400 respectively, and also slashed silver initial & maintenance margins from $12,100 & $11,000 to $10,400 & $9,500, a reduction of 10% in gold & 14% in silver!
For those new to the market who might be wondering why silver margins have been $12,100 while golds have been $6,600 (particularly when a single gold contract is valued at ~ $165,000, while a single silver contract is valued at ~$158,000)….
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