Silver price today: Spot silver rebounds above $88 after brutal rout as margins and Fed politics collide
Spot silver jumped 11.3% to $88.15 an ounce Tuesday, rebounding after last week’s record plunge. CME raised margin requirements for silver futures, effective Feb. 2. Traders are watching for delayed U.S. jobs data after a partial government shutdown. CME plans to launch a 100-ounce silver futures contract on Feb. 9, pending approval.