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Mineweb reported that the CME Group is cutting silver margins to boost liquidity.
Mineweb reported that the CME Group is cutting silver margins to boost liquidity.
As quoted in the market news:
CME said in a statement it will cut the initial margin for COMEX 500 silver futures <0#SI:> by 12.5 percent to $18,900 per contract from $21,600, and the maintenance margin will be lowered to $14,000 from $16,000 per contract, effective after close of business on April 16.