CME takes action to 'cool down'! The margin for gold and silver futures has been raised overnight, putting pressure on leveraged trading.
Following a sharp decline in gold and silver prices yesterday, the Chicago Mercantile Exchange (CME) announced an emergency increase in the margin ratio for precious metal futures trading on Friday, effective after the close next Monday.
The specific adjustments are as follows:
· #黄金 : The basic margin ratio has been raised from 6% to 8%, while high-risk accounts have been increased from 6.6% to 8.8%.
· #白银 : The increase is even larger, jumping from 11% directly to 15%, with high-risk accounts rising from 12.1% to 16.5%.
· #铂金 , palladium and other precious metal varieties are also following suit with increases.
What does this mean?
In simple terms, the exchange is working to 'cool down' the market. After the margin increase, the capital required for investors to open or maintain positions of the same scale will increase immediately, significantly compressing the actual available leverage. This is a routine operation by the exchange to prevent systemic risks during periods of extreme market volatility, and indirectly confirms that the current volatility of precious metals has reached risk control warnings.
Direct impacts on traders:
1. Increased trading costs - more capital is required for the same number of lots;
2. Decreased leverage levels - the range of profit and loss fluctuations will be correspondingly narrowed;
3. Short-term selling pressure may intensify - some accounts with insufficient funds or high leverage may be forced to reduce positions.
In the current environment of sudden increases in volatility and intense long-short battles, this move may further suppress short-term speculative sentiment. Investors are advised to closely monitor changes in liquidity, cautiously control their positions, and avoid blindly chasing orders during the dual adjustments of policies and markets.