CME Group is increasing margins on COMEX On 2 Feb, after market closes. No escape if you're leveraged long overnight. Expects Forced sells snowball lower. $iShares Silver Trust(SLV)$ $SPDR S&P 500 ETF Trust(SPY)$ Silver (~$85/oz): • 5,000 oz contract ≈ $425k • Margin: 11% → 15% • Leverage: 9.1x → 6.7x • Need +~$17k per contract or get liquidated 👉 That’s enough to buy ~200 oz physical silver outright Gold (~$4,880/oz): • 100 oz contract ≈ $488k • Margin: 6% → 8% (+33%) • Leverage: 16.7x → 12.5x • Need +~$9.8k per contract 📉 Monday gap-down trap: Friday’s silver crash (~25–31%) + higher margins = instant losses at open. Intraday margin calls + new requirements = forced
Silver -14%! Continue to Short To $60?
Precious metals sold off sharply in Asia. Spot silver plunged 14%, breaking below $76/oz, while gold slid over 2.5%, falling through $4,840/oz. Easing geopolitical tensions in the Middle East and U.S.–China relations, combined with resilient U.S. economic data, reduced safe-haven demand. How do you view Silver's plunge? Would it decline further to $60 or $50? Have you taken profits? What price would be adding chance?
+ Follow
+4