Silver is stacking up in COMEX depositories. Some say that's a bad sign.
Articles Tagged "CME group"
Last year, silver contract margins were subject to aggressive increases. This year, the rates are moving in the opposite direction.
Mineweb reported that the CME Group is cutting silver margins to boost liquidity.
Silver has been holding steady, closing at $33.72 on Monday trading. However, the white metal seems to have lost some of the momentum witnessed in January and earlier in the month on Greek uncertainty.
Expectations that the European and US budget problems will lead to a silver rally are being countered by a stronger US dollar .
While silver prices made moderate gains on the day, uncertainty about the global economy continues to erode investors risk appetite. Some analysts have even called into question silver’s role as ‘poor man’s gold’ as a hedge against inflation.