The CMEGroup announced that as of the close of trading this Friday, margin requirements are yet again going up in silver.
For speculators, initial margin is increased to $14,513 per full sized silver contract, up from this week's earlier hike to $12,825.
Maintenance margin is moving up to $10,750 from $9,500.
Hedgers margin and maintenance is rising to $10,750 and $9,500 respectively.
"When misguided public opinion honors what is despicable and despises what is honorable, punishes virtue and rewards vice, encourages what is harmful and discourages what is useful, applauds falsehood and smothers truth under indifference or insult, a nation turns its back on progress and can be restored only by the terrible lessons of catastrophe." … Frederic Bastiat
Evil talks about tolerance only when it’s weak. When it gains the upper hand, its vanity always requires the destruction of the good and the innocent, because the example of good and innocent lives is an ongoing witness against it. So it always has been. So it always will be. And America has no special immunity to becoming an enemy of its own founding beliefs about human freedom, human dignity, the limited power of the state, and the sovereignty of God. – Archbishop Chaput
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