Inside these posts: Silver margins

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Precious metals steady; CME raises trading costs

(Reuters/Shannon Stapleton)

Precious metals steadied on Wednesday after futures of gold, and particularly silver, plunged in the previous session’s after-hours trade, although the dollar’s strength limited any immediate recovery.

The price of spot gold, which tracks trades in bullion, was up about half percent. Futures of the precious metal in New York showed a loss of up to 1.4 percent during the session, adjusting to Tuesday’s post-settlement trade. Get the full story »

Comex raises margins, silver futures plunge

Tighter margin requirements for silver futures triggered a sharp selloff Wednesday that spread to gold.

Silver for December delivery declined $1.84, or 6.3 percent, to $27.15 an ounce on the Comex. Get the full story »