[Wingy]

Oops! My mistake. It's not the fourth increase, but they just announced a Fifth increase in 8 days! This means that instead of buying a 5000 ounce contract for about 11% of the full price you need 33%+. this will certainly tamp down those pesky buyers. I'm thinking the Fed is about to make a move soon...

[FlyingEagle]

Silver went hyperbolic in both directions within the last week. JPM is so short they had to squeeze back - margins as the tool.

[stockpirate]

I didn’t see a 33% figure mentioned, I thought they took it to 11% where it used to be 10.

[stockpirate]

"Remember when earlier we said the CME had hiked silver margins for the 4th time in 8 days? We lied. In fact, what the CME did was to hike margins for the 4th (effective May 5) AND 5th times (effective May 9). That's right, dear reader, in one release, the CME has performed two concurrent margin hikes, which means today's action is the 5th margin hike in 8 days, a previously unheard of event! As of May 9th, the initial margin is $21,600, or 11% of the contract value, while the maintenance is $16,000. This is nothing short of sheer panic at the CME. At this point we can only wonder if the FDR-style precious metals confiscation executive order will come by way of the CME or the FBI. And for everyone asking, below is the chart of recent CME margin hikes in silver."