Silver Report Uncut and Mike Maloney Tuesday AM 2-2-2021
Silver Report Uncut
CME Sets New Margin Requirements Following Wall Street Bets Silver Short Squeeze, Premiums Soar
Feb 2, 2021
I wanted to talk about the Wall Street Bets Silver Short Squeeze and physical silver shortage that has plagued the precious metals markets for much of the past year, The recent move in silver has a lot of people's attention and no I don't mean us.
I mean the real movers and shakers who have never noticed Us the CME Group announced it was raising margins on Comex silver futures by 18% after futures surged to an eight-year high, the exchange said in a statement.
Margins will rise to $16,500 per contract from $14,000, effective Feb. 2, according to the exchange. "The decision is based on “the normal review of market volatility to ensure adequate collateral coverage,” it said in a statement.
Silver dropped 2% on the news, falling from just above $29/oz to just below, overall we're sitting much higher than we were the other day and It's likely the move would have been more pronounced if it hadn't been for so many thinking this was a trick.
Will Silver Be Squeezed Up...or Slammed Down? Mike Maloney
Premiered 12 hours ago
It has been a turbulent few days for silver, join Mike Maloney as he covers the latest news in the ‘Silver Short Squeeze’ movement. Will the price be squeezed up? Or slammed Down?