Friday, April 29, 2011

CMEGroup hiking Silver margins for the second time in a week

The CMEGroup announced that as of the close of trading this Friday, margin requirements are yet again going up in silver.

For speculators, initial margin is increased to $14,513 per full sized silver contract, up from this week's earlier hike to $12,825.

Maintenance margin is moving up to $10,750 from $9,500.

Hedgers margin and maintenance is rising to $10,750 and $9,500 respectively. (Source)