Tuesday, November 9, 2010

CME Group To Raise Silver Futures Margin To $6,500 From $5,000

Sign of top, right? Wrong. As Jim has already said, increased margin requirements on metals is a sign of a bull market and a professional tool for covering a short.

CME Group said Tuesday it will raise the margin requirements for Comex silver futures, effective Wednesday.

Traders will now be required to put up $6,500 in margin to hold a benchmark 5, 000-ounce silver contract overnight. The margin had been $5,000.

The new rates will be effective after the close of business on Wednesday.

Source: nasdaq.com

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