
Spot silver fell more than 5%, while spot palladium and platinum once dropped 7%
Spot silver, platinum, and palladium fell in the Asian morning market. Spot silver dropped over 5%, currently down 5.1% at USD 72.59 per ounce. Palladium and platinum also fell over 7% at one point, currently down 6.2% and 7.3%, priced at USD 1,511.18 and USD 2,039.54 per ounce, respectively. Spot gold stabilized, currently up 0.2% at USD 4,352.61 per ounce.
Due to market volatility and to ensure sufficient collateral coverage, the Chicago Mercantile Exchange (CME) raised the margin requirements for precious metal futures for the second time within a week, involving gold, silver, platinum, and palladium, effective after the market closes today (31st), meaning traders must provide more collateral for precious metal futures trading. The CME had already raised the relevant margin requirements on Monday (28th)

