98 days ago • Posted by William Ramstein
Silver futures calm after hectic start of week.
Futures rose as much as 3.3% on Wednesday following a turbulent two days that saw the market whipsawed as an investor stampede into the metal gave way to swift exits. Silver’s emergence as a focus of an online forum that trains its fire on supposedly shorted assets pushed prices above $30 an ounce on Monday before a 10% tumble on Tuesday as CME Group jacked up margin requirements. Source: Bloomberg