CICC Wealth Futures: The current precious metals market remains highly volatile, so participation should be cautious

The Chicago Mercantile Exchange Group announced that it will raise the initial margin for its COMEX 100 Gold Futures from 8% to 9%, and increase the initial margin ratio for its COMEX 5000 Silver Futures from 15% to 18%. CME’s actions once again dealt a heavy blow to speculative sentiment in the precious metals market, causing silver prices to fall sharply. We believe that current volatility in the precious metals market remains high, and participation should be cautious, with a wait-and-see approach recommended. (CICC Wealth Futures)