One of the biggest reactions observed on Monday, was of silver, though it is not entirely due to the news of bin Laden. Late last week, CME raised margin requirements for silver to 13% on average in the light of increased market volatility. Against this background, silver has lost about 10% in early trading on Monday, though it took place against a general weakening in commodity prices. Such a move has deprived the wind sail the ship of silver, which had previously demonstrated a decline rally more than 50% since the beginning of the year, leaving the gold with its 10% growth in only trail in the end.
Tuesday, May 3, 2011
Silver suffered more than any
One of the biggest reactions observed on Monday, was of silver, though it is not entirely due to the news of bin Laden. Late last week, CME raised margin requirements for silver to 13% on average in the light of increased market volatility. Against this background, silver has lost about 10% in early trading on Monday, though it took place against a general weakening in commodity prices. Such a move has deprived the wind sail the ship of silver, which had previously demonstrated a decline rally more than 50% since the beginning of the year, leaving the gold with its 10% growth in only trail in the end.
