CME Group Cuts Silver, Copper, Palladium Futures Margins
The amount that speculators must keep on deposit for an initial account in silver futures was reduced 13 percent to $18,900 from $21,600, CME Group said today in a statement on its website. Silver prices tumbled after the Chicago-based CME boosted margins 84 percent in two weeks from late April to early May.
The copper margin was cut to $5,400 from $6,750, and palladium was reduced to $5,225 from $5,775.
The rates are effective after the close of business on April 16.
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