CME Hikes Silver Margins 11%

In the aftermath of today’s massive FOMC/Options expiry raid which saw silver smashed the most in nearly 18 months from $18 to a $16 handle, the CME announced after the close an 11% hike in silver margins:

 

Initial spec margins hiked from $7150 to$7920, and maintenance spec margins hiked from $6500 to $7200:

silvermarginsCME

 

 

It remains to be seen if today’s hikes by the CME are a one-off, or if we will see the cartel pile on over the coming days ala 2011 when they used a string of 5 consecutive margin hikes in a week’s period to smash silver from $49 to $42.