Tuesday, 3 May 2011
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Silver Futures Plunge Most Since 2008 as CME Group Increases Margins 13%
Silver futures plunged as much as 13 percent, the biggest intraday drop since October 2008, as CME Group Inc. raised the amount of cash that traders must deposit for speculative positions. The metal for July delivery dropped to $42.2 an ounce before trading at $43.875 an ounce at 11:46 a.m. in Singapore. The CME increased margins by 13 percent with effect from the close on Friday, according to a
http://bit.ly/kTYMCq
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