The CME Group has just lowered initial and maintenance gold margins by 10% from $6,751 to $6,075 and $5,001 to $4,500 respectively.
The new rates will go into effect after the market close Monday, June 20th.
No surprise to us or our readers, silver margins were mysteriously left unchanged. Fat chance of seeing silver margins decreased 2 weeks before silver's July delivery month with COMEX registered silver supplies sitting at a measly 27 million ounces and change.
Margins 6.16