XAGUSDT
Perp
79.98
-5.63%
Silver ($XAG ) is enduring extreme volatility today, sliding another 5-10% to hover around the $79.00 - $80.50 range as the market reels from last week’s historic collapse. The primary downward pressure stems from the CME Group’s margin hike (increased to 15%) taking effect today, forcing over-leveraged traders to liquidate positions. Sentiment remains fragile following the nomination of Kevin Warsh as Fed Chair, a move markets interpret as hawkish, which has bolstered the US Dollar and dampened the appeal of non-yielding precious metals.