Silver Jumps After Margin Shock

Benzinga

Silver prices rebounded after a sharp selloff triggered by higher margin requirements, with iShares Silver Trust recovering as forced liquidations eased and the broader metals market stabilized.

Transcript

00:00It's Benzinga, bringing Wall Street to Main Street.

00:03Silver futures rebounded Tuesday after suffering their sharpest single-day decline in five years

00:08on Monday, with prices tracked by the iShares Silver Trust, recovering as buyers stepped in

00:13following the sell-off. The drop followed a CME group margin hike that raised the cost of a single

00:19silver contract to $25,000 and triggered forced liquidations alongside profit-taking after

00:25silver's 180% year-to-date gain. Social media rumors of a large margin call and reports of a

00:31potential Ukraine-Russia peace breakthrough also weighed on prices. Silver fell from nearly $84

00:37per ounce to the $72 range before rebounding more than 5% Tuesday. Gold, platinum, and copper also

00:44recovered as the broader metals complex stabilized. For all things money, visit Benzinga.com.

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