Silver Falls After COMEX Margin Hike
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Silver prices fell 1 percent on Thursday to a one-month low, after the CME Group hiked margin requirement on COMEX silver again, while gold held steady.
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2.24 (+0.15%) 
] was little changed at $1,516.29 an ounce, after falling for three sessions straight. COMEX gold futures [GCCV1 1517.50 2.20 (+0.15%) ] edged up $1.30 to $1,516.60.
2.20 (+0.15%) ] edged up $1.30 to $1,516.60. COMEX silver futures [SICV1 39.00 
-0.383 (-0.97%) ] fell 1.2 percent to a one-month low of $38.91.
-0.383 (-0.97%) ] fell 1.2 percent to a one-month low of $38.91.Spot silver [XAG= 39.08 -0.26 (-0.66%) ] fell by 1 percent to $38.92.
-0.26 (-0.66%) ] fell by 1 percent to $38.92. The CME Group [CME.O 287.23 -4.49 (-1.54%) ] set successive hikes on COMEX silver futures margin, pushing margin up 84 percent in just eight days.
-4.49 (-1.54%) ] set successive hikes on COMEX silver futures margin, pushing margin up 84 percent in just eight days.As COMEX silver tumbled under the weight of surging margins, the iShares Silver Trust [SLV 38.271 -2.309 (-5.69%) ], the world's largest silver-backed exchange-traded fund, experienced a near 5 percent fall in its holdings.
-2.309 (-5.69%) ], the world's largest silver-backed exchange-traded fund, experienced a near 5 percent fall in its holdings.Mexico massively ramped up its gold reserves in the first quarter of this year, buying over $4 billion of bullion as emerging economies move away from the ailing U.S. dollar, which has dipped to 2-1/2-year lows.
Weak economic figures heightened stock investors' anxiety over the extended rally, knocking U.S. shares lower for a third day on Wednesday.
The euro hovered near a 17-month high versus a droopy dollar early in Asia on Thursday as markets braced for more hawkish rhetoric from the European Central Bank after its policy meeting later in the day.
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