Silver futures retreat as margin requirements increased after the rise to 8-year highs

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Silver prices retreated Tuesday, following Chicago Mercantile Exchange margin requirements.

In a statement released Monday, the CME said margins would rise to $ 16,500 per contract from $ 14,000, effective Tuesday, based on “the normal review of market volatility to ensure adequate collateral coverage.” .

SIH21 payment futures,
-5.50%
for the month of March, delivery fell nearly 5%, to $ 27.99 an ounce, after jumping 9.3% to settle at $ 29.418 an ounce on Monday at Comex. The contract at one point topped $ 30.35 an ounce on Tuesday, the highest intraday level since February 2013.

There has been talk of a reduction in silver futures as retail interest has increased. According to FactSet, it flows into the iShares Silver Trust SLV,
+ 7.08%
they were the fourth highest of all publicly traded funds traded in the United States.

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