Silver plunges over 10% to $72 after CME raises margin requirements
Crypto Briefing
Silver dropped over 10% to near $72 after the CME increased margin requirements following a massive rally.Summary
Silver experienced a sharp decline of over 10%, falling to around $72 from a recent record high near $84, after the CME Group raised margin requirements for silver futures. This adjustment, implemented Monday as part of a regular review of market volatility, can force leveraged traders to reduce positions, amplifying price swings. The pullback was broad across precious metals; gold fell nearly 5%, copper dropped close to 5%, platinum plunged over 14%, and palladium slid more than 16%. While the rapid rise in prices had raised volatility concerns, some analysts maintain a supportive long-term outlook for metals due to factors like easier monetary policy and ongoing uncertainty.
(Source：Crypto Briefing)