CME Group has announced a hike in margin requirements for Comex silver futures after prices surged to record highs this week, underlining the sharp rise in volatility across precious metals markets.
In a statement issued on Tuesday, Chicago Mercantile Exchange (CME) said margins for non-heightened risk profiles on Comex silver futures will rise to 11% of notional value, up from 9%. For heightened risk profiles, margins will be increased to 12.1% from 9.9%. The exchange also said margins on platinum and palladium futures will be raised.
The new rates will become effective at close-of-market today (Wednesday).
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