Silver price rebounds after falling below $65 as CME margin hikes add to turmoil
Spot silver jumped 6.3% to $75.70 an ounce Friday after falling below $65, but remains set for a weekly loss of over 10%. CME Group will raise margins on COMEX 5,000-ounce silver futures from 15% to 18% after Friday’s close. China’s only exchange-listed pure-silver fund hit its limit-down for a fifth straight session, still trading nearly 29% above its net asset value.